Kofi and Yaw entered into a business partnership
with a total capital of 81 million. They agreed
to contribute the capital in the ratio 2:1
respectively. The profit was shared as follows:
Kofi was paid 5% of the total profit for his
services as manager. Each partner was paid 3% of
the capital invested. The remainder of the profit
was then shared between them in the ratio of their
contributions to the capital. If Kofi's share of the
total profit was €7.5 million, calculate
a) the total profit for the year to the nearest
thousand cedis.
b) Yaw's share of the profit as a percentage of
his contribution to the capital.
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