Step 1: Identify the items.
We must rank, by percentage in red and yellow soils, the parts: (J) Iron, (K) Magnesium, (L) Insoluble elements, (M) Aluminium.
Step 2: Recall how these soils form.
Red and yellow soils are heavily weathered tropical soils where leaching washes away the soluble bases.
Step 3: Find the dominant fraction.
What resists weathering, mainly silica and quartz, the insoluble elements (L), remains the largest share.
Step 4: Place iron and aluminium.
Iron oxides (J) give the red and yellow colour and form the next biggest part, followed by aluminium (M) in clay minerals.
Step 5: Place magnesium last.
Magnesium (K) is a mobile base that leaching removes, so it is present only in trace amounts and ranks lowest.
Step 6: Assemble the descending order.
This gives $\text{L} \rightarrow \text{J} \rightarrow \text{M} \rightarrow \text{K}$, which is option B.
\[ \boxed{\text{L} \rightarrow \text{J} \rightarrow \text{M} \rightarrow \text{K}} \]