Correct Answer - Option 3 : Rs. 29,867
Given
A invested Rs.7.000
B invested Rs.8,000
Total profit after 2 Years = Rs.56,000
Concept used
The ratio of profit share is same as the ratio of the investment
Calculation
Ratio of invested by A and B
⇒ A : B = 7000 : 8000
⇒ A : B = 7 : 8
Profit is also share in the same ratio as the investment ratio
⇒ A : B = 7 : 8
⇒ 7x + 8x = 56000
⇒ 15x = 56000
⇒ x = 3733.33
Profit of B = 8 × 3733.33
⇒ Rs. 29,866.66 ≈ Rs. 29,867
∴ The profit of B (approx) is Rs. 29,867.