Daisy and Sarah set up a partnership business on 1 January with invested capitals of £78,000 and £52,000 respectively, and Daisy is to receive a net salary of £1,640 per month.
On 30 June the partners withdrew the remaining profit of £18,500 in proportion to their capital invested.
(a) Write the ratio of their investments in its simplest terms
(b) Calculate how much each partner received in total for the first 6 months of trading. Before payment of Daisy's net salary, deductions had been made totalling 18% of her gross salary.
(c) Calculate Daisy's gross salary per month.