Correct Answer - Option 2 : Rs. 320
Given:
Profit amount = 1000
Profit ratio = 12 : 8 : 5
Formula used
Profit by Shayam = (Total profit amount/Sum of profit ratio) × Shayam’s ratio in the share
Calculation
Profit received by Shayam = (1000/25) × 8
= 40 × 8
= Rs. 320
∴ The amount of money received by Shayam is Rs. 320.