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On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will be
  • a)
    Rs. 2,350
  • b)
    Rs. 2,000
  • c)
    Rs. 2,200
  • d)
    Rs. 2,150
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on accoun...
To solve this question, we need to calculate the amount to be paid by Suraj without any cash discount. Let's break down the given information and calculate the final payment.

Given Information:
- On 31st March 2009, Suraj has to pay M/s Chandra Rs.7,000.
- On 30th June 2009, Suraj paid Rs.1,800 after availing a cash discount of 10%.
- On 30th September 2009, Suraj paid Rs.2,850 after availing a cash discount of 5%.

1. Calculate the payment made on 30th June 2009:
Suraj paid Rs.1,800 after availing a cash discount of 10%. So, the total amount before discount can be calculated as:
Amount before discount = Amount paid / (1 - Discount %)
= 1800 / (1 - 10/100)
= 1800 / (1 - 0.10)
= 1800 / 0.90
= Rs.2,000

2. Calculate the payment made on 30th September 2009:
Suraj paid Rs.2,850 after availing a cash discount of 5%. So, the total amount before discount can be calculated as:
Amount before discount = Amount paid / (1 - Discount %)
= 2850 / (1 - 5/100)
= 2850 / (1 - 0.05)
= 2850 / 0.95
= Rs.3,000

3. Calculate the remaining payment:
To find the remaining payment without any cash discount, we need to subtract the payments made from the total amount to be paid.

Total amount to be paid = Rs.7,000
Payment made on 30th June 2009 = Rs.2,000
Payment made on 30th September 2009 = Rs.3,000

Remaining payment = Total amount to be paid - Payment made on 30th June 2009 - Payment made on 30th September 2009
= 7000 - 2000 - 3000
= Rs.2,000

Therefore, the amount to be paid by Suraj without any cash discount will be Rs.2,000 (option B).
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On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will bea)Rs. 2,350b)Rs. 2,000c)Rs. 2,200d)Rs. 2,150Correct answer is option 'B'. Can you explain this answer?
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On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will bea)Rs. 2,350b)Rs. 2,000c)Rs. 2,200d)Rs. 2,150Correct answer is option 'B'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will bea)Rs. 2,350b)Rs. 2,000c)Rs. 2,200d)Rs. 2,150Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will bea)Rs. 2,350b)Rs. 2,000c)Rs. 2,200d)Rs. 2,150Correct answer is option 'B'. Can you explain this answer?.
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