Question

Three business partners abila,bwire,and chirchi contributed ksh 120,000ksh 130,000 and ksh 240,000 respectively,to boost their business. they agreed to put 20% of the profit accrued back in to the business and to use 35% of the profit for running the business ( official operation) the reminder was to be shared among the business partners in the ratio of their contribution at the end of the year a grass profit of ksh 225000 was realised. calculate the amount. put back in to business

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Answer 1

To calculate the amount put back into the business, we need to determine 20% of the profit. Here's the calculation:

Total profit = Ksh 225,000

Amount put back into the business = 20% of the profit

Amount put back into the business = 0.2 * Ksh 225,000

Amount put back into the business = Ksh 45,000

Therefore, Ksh 45,000 was put back into the business.