Siaya traders started a business with Kshs.1,200,000 at the end of the year, the capital was 1,600,000 Kshs. The monthly drawing was 20,000Kshs. Calculate profits for the year.

Siaya traders started a business with Kshs.1,200,000 at the end of the year, the capital was 1,600,000 Kshs. The monthly drawing was 20,000Kshs. Calculate profits for the year.

ANSWER

Snap 2023 04 26 at 06.14.47
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