A firm is purchasing two items, both on credit on the same day. The credit term offered for the first item is 2{1/2}/10, 1/20 net 30; and the credit term offered for the second item is 3/5, 2/15, net 30. The declared purchase cost of item 1 is Rs. 60,000 and that of item 2 is Rs. 1,40,000 . If both credits can he settled on the 14th day, what will be the total amount to be paid out?

Question

A firm is purchasing two items, both on credit on the same day. The credit term offered for the  first item is 2{1/2}/10, 1/20 net 30; and the  credit term offered for the second item is 3/5, 2/15, net 30. The declared purchase cost of item 1 is Rs. 60,000 and that of item 2 is Rs. 1,40,000 .  If both credits can he settled on the 14th day, what will be the total amount to be paid out?

Examsnet · Accepted Answer

Correct Answer is :  Rs.  1,96,600

EPFO 2015 English Medium Solved Paper