Kimeta Co manufactures and supplies fitness equipment to health clubs, schools and corporate and corporate entities that run private gymnasiums. The customer may in addition to the purchase of the equipment enter into a servicing agreement for maintenance services provided on a fee for services basis. The price of the equipment and the maintenance package is Tshs. 10,000,000. Kimeta Co also provides maintenance services and equipment sales separately. The price of maintenance contracts is Tshs. 1,000,000 a year and the cost of the equipment when sold separately is Tshs. 9,500,000. Kimeta Co delivered and installed the equipment on 1 October 2011. On that date the custome paid a 20% deposit. The outstanding balance of 80% is payable in ? Calculate.

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