Mathematics · Partnership
A and B enter into a partnership where A invests ₹4,500 for 8 months and B invests ₹6,000 for 9 months. Since B manages the business, he is entitled to k% of the total profit as a management fee. The remaining profit is then distributed between A and B based on their investment ratios. If the total profit at the end of the period is ₹12,000 and B's total share (including his management fee) is ₹8,400, what is the value of k?
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