a man had to take a loan when he spent Rs. 1475 a month for the first 7 months.He paid back the loan when he spent Rs. 1163 a month for the next 5 months. what is his monthly income ?
Answers
Step-by-step explanation:
Louis Dixon, a dentist, resigned from his position with a large dental group in order to begin his
own pediatric dental practice. The practice was organized as a sole proprietorship, called Louis
Dixon Pediatric Dentistry. The business transactions during September while the new venture was
being organized are listed below.
Sept. 1
Sept. 10
Dixon opened a bank account in the name of the business by depositing $50,000 cash,
which he had saved over a number of years.
Purchased a small office building located on a large lot for a total price of $182,400,
of which $106,000 was applicable to the land and $76,400 to the building. A cash
payment of $36,500 was made and a note payable was issued for the balance of the
purchase price.
Answer:
(1475*7) + (1163*5)/total months (12)
=134
Step-by-step explanation: