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Q: K and L start a business jointly. K invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit L claims 2/7th share. How much money is contributed by L?

  • 1
    Rs. 13,204
  • 2
    Rs. 14,521
  • 3
    Rs. 12,800
  • 4
    Rs. 15,000
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Answer : 3. "Rs. 12,800"
Explanation :

Answer: C) Rs. 12,800 Explanation: Given share of L is 2/7 th of profit. Then, their profits are divided in to 5:2 ratio. Ratio of K and L is 16000×8x×4=52 x = Rs. 12,800.

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