Answer & Explanation
Interest received by L from K = 8% of half of Rs.40,000
Amount received by L per annum for being a working partner = 120012 = Rs.14,400
Let 'A' be the part of remaing profit that 'L' receives as his share.
Total income of 'K' = only his share from the reamaing profit
= 'A', as both share equally.
Given income of L = Twice the income of K
(1600 + 14400 + A ) = 2A
Thus total profit = 2A + Rs.14,400= 2(16000) + 14400
= 32000 +14400 = Rs.46,400.