Join ExamsbookAnswer : 3. "Rs. 12,800"
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?5
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?
- 1Rs. 13,204false
- 2Rs. 14,521false
- 3Rs. 12,800true
- 4Rs. 15,000false
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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.