Karanja and Kamau decided to start a business. Karanja contributed ksh.400, 000 and Kamau ksh.640, 000. The two men agreed that in any year 15%...

      

Karanja and Kamau decided to start a business. Karanja contributed ksh.400, 000 and Kamau ksh.640, 000. The two men agreed that in any year 15% of the profit shall be divided equally between them and 20% of the profit will be used to meet the cost of the business and the rest to be shared in the ratio of their contributions. The profit made after the first year was ksh.432, 000.
a) How much did they set aside towards the cost of running the business for the 2nd year?
b) How much did Kamau receive at the end of the first year?
c) Karanja bought Samsung T.V sets with his share of the profit. If each T.V set cost ksh.18, 000, how many sets did he buy?

  

Answers

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Kavungya answered the question on November 8, 2019 at 05:49

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