Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Samatha and Meshi entered into a business partnership in which they contributed Kshs. 120,000 and Kshs. 150,000 every year respectively. After one year Fuki ...

Samatha and Meshi entered into a business partnership in which they contributed Kshs. 120,000 and Kshs. 150,000 every year respectively. After one year Fuki joined the business and contributed Kshs. 90,000
a)Calculate the ratio of their investment after 3 years of business
b)It was agreed that 30% of the profits after 3 years be used to cater for the cost of running the business, while the remaining would be shared proportionally. Calculate each persons share if the profit made after three years was Kshs, 187,000.
c)If each of them invested their shares in the business, find their new individual investments at the beginning of the fourth year.

Answers


Kavungya
fig97102019952.png
Kavungya answered the question on October 7, 2019 at 06:53

Answer Attachments

Exams With Marking Schemes

Related Questions