If Total sales is ₹2,50,000 and credit sales is 25% of Cash sales. The amount of credit sales is:
(A) ₹50,000
(B) ₹2,50,000
(C) ₹16,000
(D) ₹3,00,000
(A) ₹50,000
Explanation:
Therefore credit sales would be= 25% of x
= x `\times` `"25"/"100"`
Total sales = Rs. 2,50,000
`\therefore`
= x + `"25"/"100"` `\times` x = Rs. 2,50,000
= x + `"25x"/"100"` = Rs. 2,50,000
= `"100x + 25x"/"100"` = Rs. 2,50,000
= `"125x"/"100"` = Rs. 2,50,000
= 125x = Rs. 2,50,000 `\times` 100
= 125x = Rs. 2,50,00,000
= x = Rs. `"2,50,00,000"/"125"`
= x = Rs. 2,00,000 (cash sales)
Credit Sales = Total Sales - Total Cash Sales
Credit Sales = Rs. (2,50,000 - 2,00,000)
Credit Sales = Rs. 50,000.
Hence , credit sales would be 50,000.