A construction company is owned by two partners X and Y a...
A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y received N5,000 more than X. What is the total profit of the company for the year?
N20, 000
N25,000
N30,000
N15,000
N45, 000
Correct answer is E
Total sharing ratio is 9 X has 4, Y has 4 + 1 If 1 is N5000 Total profit = 5000 x 9 = N45,000
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