Ram, Ravi, and Raj decided to do business together. They invested money to start a shop in the ratio 4 ∶ 3 ∶ 7. It was decided that Ravi will run the shop and 12 percent of the profit will be given to him as wage. What amount did Ravi receive (in Approx.) as wage given Raj received Rs. 1,05,000 as profit at the end of the year.
1
Rs. 28,000
2
Rs. 28,500
3
Rs. 28,436
4
Rs. 28,600
5
Rs. 28,636