Mathematics · Commercial Mathematics
A firm is purchasing two items on credit on the same day. The credit terms offered for the first item (declared cost Rs. 60,000) are 2 1 2 /10, 1/20, net 30. The credit terms offered for the second item (declared cost Rs. 1,40,000) are 3/5, 2/15, net 30. If both credits are settled on the 14th day, what will be the total amount to be paid?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,98,400
- 2Rs. 1,96,600✓
- 3Rs. 1,97,500
- 4Rs. 1,97,200
Correct answer
Rs. 1,96,600
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