Asha, Nangila and Cherop contributed shilling 60,000,shilling 85,000 and shilling 105 000 respectively. They agreed to put 25% of the profit back into business each year. They also agreed to put aside 40% of the remaining profit to cater for taxes and insurance. The rest of the profit would then be shared among the partners in the ratio of their contributions. At the end of the first year, the business realized a gross profit of shilling 225 000.
(a) Calculate the amount of money Cherop received more than Asha at the end of the first year.
(b) Nangila further invested shilling 25,000 into the business at the beginning of the second year. Given that the gross profit at the end of the second year increased in the ratio 10: 9, calculate Nangila's share of the profit at the end of the second year
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