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?
Correct Answer: Rs. 12,800
Explanation:
Given share of L is 2/7 th of profit. Then, their profits are divided in to 5:2 ratio.
