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Interest amount is Rs.500. What will be the amount of reimbursement if the following expenses were incurred by petty cashier during the month? Telephone Rs.150, Breakfast Rs.50, Small repairs Rs. 30 General expenses Rs.100
  • a)
    Rs. 300
  • b)
    Rs. 170
  • c)
    Rs. 330
  • d)
    Rs. 270
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Interest amount is Rs.500. What will be the amount of reimbursement if...
150+100+30+50= 330. Interest amount is not included in the reimbursement
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Interest amount is Rs.500. What will be the amount of reimbursement if...
**Calculation of Reimbursement Amount**

To calculate the reimbursement amount, we need to subtract the total expenses from the interest amount.

Given:
Interest amount = Rs. 500
Telephone expenses = Rs. 150
Breakfast expenses = Rs. 50
Small repairs expenses = Rs. 30
General expenses = Rs. 100

**Step 1: Calculate total expenses**

Total expenses = Telephone expenses + Breakfast expenses + Small repairs expenses + General expenses
Total expenses = Rs. 150 + Rs. 50 + Rs. 30 + Rs. 100
Total expenses = Rs. 330

**Step 2: Calculate reimbursement amount**

Reimbursement amount = Interest amount - Total expenses
Reimbursement amount = Rs. 500 - Rs. 330
Reimbursement amount = Rs. 170

Therefore, the amount of reimbursement will be Rs. 170, which corresponds to option 'b'.
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Community Answer
Interest amount is Rs.500. What will be the amount of reimbursement if...
150+50+30+100=330
so, the correct option is ( c)
because reimbursement means the action of repaying
the person who has lost or spent money. so that's why interest is not part of reimbursement ..
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Interest amount is Rs.500. What will be the amount of reimbursement if the following expenses were incurred by petty cashier during the month? Telephone Rs.150, Breakfast Rs.50, Small repairs Rs. 30 General expenses Rs.100a)Rs. 300b)Rs. 170c)Rs. 330d)Rs. 270Correct answer is option 'C'. Can you explain this answer?
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