13 Two business partners, Kago and Beatrice contributed 90,000/and 120,000/= in order to start a
business. They agreed that 25% of the profit made after end of the year will be put back into the
business. They also estimated that 40% of the profit will cover salaries and other expenses for the year
The remainder would be shared between the partners in the ratio of their contributions. At the end of the
first year the business realized a gross profit of shs 181,300
a) Calculate how much each received after end of the year
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b) At the end of 2nd year, the business realized the same gross profit as the previous year and the
partners decided to dissolve the business and share everything Determine how much money each
received
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