M and N invest ₹80,000 and ₹1,20,000 respectively. After one year, profit including 8% simple interest on capital is ₹30,000. What is M's share?

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Accepted Answer

1. Interest for M = $0.08	imes80000=6400$. Interest for N = $0.08	imes120000=9600$. Total interest = $6400+9600=16000$.

2. Remaining profit = $30000-16000=14000$.

3. Share of remaining profit for M = $14000	imes\dfrac{80}{200}=14000	imes\dfrac{2}{5}=5600$.

4. M's total = interest $6400 +$ share $5600 = 12000$.

FINAL_ANSWER: b

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