A and B entered into partnership A invests Rs. 16,000 for 8 months and B remains in the business for 4 months. Out of a total profit, B claims 2/7 of the profit. B contributed?
Correct Answer: 12800
Explanation:
Ratio of profits of A and B = 5/7 : 2/7 = 5 : 2
∵ (16000 x 8)/(N x 4) = 5/2
⇒ 20N = 256000
∴ N = 128000
So, B contributed Rs. 12800.
