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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 ?
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- Rs. 11900
- Rs. 10500
- 13600
- 12800
Correct Option: D
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.
