Solution:
Given that, a man fell short of ₹6 when he wanted to give all present ₹12 each.Let the number of persons be x and the amount of money he had y.
So,
…………….(1)
He distributed to each person and found that were left over.
Therefore, …………..(2)
Solve equations (1) and (2) to determine the amount of money he had and the number of persons.
From (1) and (2),
Substitute x=5 in equation (2),
Thus, there were persons and he had .
Therefore, the correct option is 4.