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?

Rs. 13,204
Rs. 14,521
Rs. 12,800
Rs. 15,000

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.

Ratio of K and L is

$\frac{16000 \times 8}{x \times 4} = \frac{5}{2}$

x = Rs. 12,800.

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