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 Form 4 Mathematics Paper 1 Exam Revision Questions With Answers Set 2

At the end of year 2000 a cooperative society realised a gross income of sh 33.5 million. The total expenses incurred by the society during that year was sh 20.75 million. Each year 60% of the net income is paid to members as dividends which is calculated per share. During the year 2001 the society's gross income increased by 30% while its total expenditure decreased by 20%. The number of shares remained the same at 300 000 shares.
Calculate
a) the net income in the year 2000
b) the amount of dividends paid per share in the year 2000
c) the net income in the year 2001
d) the amount of dividends paid per share in that year.

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