Quote:
Originally Posted by junior
Hello,
Thanks, am really grateful. We had a preliminary meeting of interested members yesterday and it was Ok.
Could you please explain in details how percentage is used in determining individual status in line with the fact that there is no uniform monthly contribution.
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To use percentage is not difficult. Let take for example the total invested capital for a particular period under review is N500,000 which yield N400,000 gain/loss. And during that period, member A total contribution was N100,000. by simple arithmetic, the N100,000 gives you 0.2 or 20% (N100,000/N500,000 x 100/1) of the total contribution of N500,000. In sharing the profit, that particular member is entitled to 20% of the profit/loss realised during the period. In also sharing the Applies the same to all members.