Form 1 Mathematics
Three business partners Abila, Bwire and Chirchir contributed Ksh 120 000, Ksh 180 000 and Ksh 240 000 respectively, to boost their business.
They agreed to put 20% of the profit accrued back into the business and to use 35% of the profits for running the business (official operations).
The remainder was to be shared among the business partners in the ratio of their contribution. At the end of the year, a gross profit of Ksh 225 000 was realised.
(a) Calculate the amount:
(i) put back into the business;
(ii) used for official operations
(b) Calculate the amount of profit each partner got.
(c) If the amount put back into the business was added to individuals’s shares proportionately to their initial contribution, find the amount of Chirchir’s new shares.
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