SOLUTION: Three partners Otieno, Ouma and Makotsi decide to start an export business together. If Otieno contributes sh 20 000 for 9 months, Ouma contributes sh 25 000 for 6 months and Makot

Question 1199447: Three partners Otieno, Ouma and Makotsi decide to start an export business together. If Otieno contributes sh 20 000 for 9 months, Ouma contributes sh 25 000 for 6 months and Makotsi contributes sh 35 000 for 4 months. Find their share in profits of sh 1 310 000
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.
Three partners Otieno, Ouma and Makotsi decide to start an export business together.
If Otieno contributes sh 20 000 for 9 months, Ouma contributes sh 25 000 for 6 months
and Makotsi contributes sh 35 000 for 4 months,
find their shares in profits of sh 1 310 000.
~~~~~~~~~~~~~~~~~~~

Let "r" be the rate of making profit in this business.


    +------------------------------------------------------+
    |   DEFINITION: "r" is the profit per 1 sh per month.  |
    +------------------------------------------------------+


Then we have this equation

    (20000*9)*r + (25000*6)*r + (35000*4)*r = 1310000.


Simplify and find r

    (20000*9 + 25000*6 + 35000*4)*r = 1310000
   
    470000*r = 1310000

    r =  = 


Now the shares of the participants are:

    Otieno :   = use your calculator.

    Ouma   :   = use your calculator.

    Makotsi:   = use your calculator.

You get all necessary instructions, along with all necessary explanations.

Complete calculations on your own and MEMORIZE on how to solve such problems.

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