Form 1 Mathematics
Three partners Amina, Bosire and Karuri contributed a total of Ksh 4 800 000 in the ratio 4:5:7 to buy an 8 hectares piece of land. The partners set aside 1/4 of the land for social amenities and sub-divided the rest into 15 m by 25 m plots.
(i) the amount of money contributed by Karuri;
(ii) the number of plots that were obtained.
(b) The partners sold the plots at Ksh 50 000 each and spent 30% of the profit realised to pay for administrative costs. They shared the rest of the profit in the ratio of their contributions.
(i) Calculate the net profit realised.
(ii) Find the difference in the amount of the profit earned by Amina and Bosire.
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