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In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750?
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In a month, payment for salary was Rs. 5,750 when the lag in payment o...
Solution:
Given, payment for the current month = Rs 6,000
Payment for the previous month = ?
Let us assume the total salary for the previous month as x.
From the given data, we can write the following equation:
x + (1/8)x = Rs 5,750
Simplifying the above equation, we get:
(9/8)x = Rs 5,750
x = (8/9) * Rs 5,750
x = Rs 5,111.11 (approx)
Therefore, the total salary for the previous month was Rs 5,111.11.
To find the lag in payment of salary, we can use the following formula:
Lag in payment = (Number of days between payment and due date) / (Number of days in payment period)
As the payment period is a month, the number of days in the payment period is 30.
Let us assume that the due date for the payment of salary is the last day of the payment period. Therefore, the number of days between the payment and due date is 1.
Using the above formula, we can calculate the lag in payment as:
Lag in payment = 1 / 30
Lag in payment = 0.0333 (approx)
Therefore, the lag in payment of salary is 0.0333 months.
Hence, the answer is option (d) Rs 4,750.
Given, payment for the current month = Rs 6,000
Payment for the previous month = ?
Let us assume the total salary for the previous month as x.
From the given data, we can write the following equation:
x + (1/8)x = Rs 5,750
Simplifying the above equation, we get:
(9/8)x = Rs 5,750
x = (8/9) * Rs 5,750
x = Rs 5,111.11 (approx)
Therefore, the total salary for the previous month was Rs 5,111.11.
To find the lag in payment of salary, we can use the following formula:
Lag in payment = (Number of days between payment and due date) / (Number of days in payment period)
As the payment period is a month, the number of days in the payment period is 30.
Let us assume that the due date for the payment of salary is the last day of the payment period. Therefore, the number of days between the payment and due date is 1.
Using the above formula, we can calculate the lag in payment as:
Lag in payment = 1 / 30
Lag in payment = 0.0333 (approx)
Therefore, the lag in payment of salary is 0.0333 months.
Hence, the answer is option (d) Rs 4,750.
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In a month, payment for salary was Rs. 5,750 when the lag in payment o...
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In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750?
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In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750?.
In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750?.
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In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750?, a detailed solution for In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750? has been provided alongside types of In a month, payment for salary was Rs. 5,750 when the lag in payment of salary is 1/8 month. If total salaries of current month are Rs 6,000, determine the salaries of previous month. a. Rs 4,800 b. Rs 4,250 c. Rs 4,000 d. Rs 4,750? theory, EduRev gives you an
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