Question

If cash sales is RS 2,00,000 and credit sales is 20% of total sales.Calculate amount of credit sales

Answer 1

Answer:

rs. 400 is credit sales amount

Explanation:

2,00,000×20/100

Answer 2

Answer:

Rs. 400 is credit sales amount.

Explanation:

From the above question,

They have given :

If cash sales is RS 2,00,000 and credit sales is 20% of total sales. Calculate amount of credit sales

Credit income is 20% of whole sales. Total income = Cash income + Credit sales.

Total income = 2,00,000 + Credit income

Credit income = Total income - Cash income

Credit income = 2,00,000 - 2,00,000

Credit sales calculation = Total sales x Credit sales percentage

Credit sales calculation  = 2,00,000 x 20% = 40,000

Credit income  calculation  = 20% of complete sales

                        = 20% of (Cash income + Credit sales calculation )

                        = 20% of (2,00,000 + Credit sales calculation )

                        = 0.2(2,00,000 + Credit sales)

                        = 40,000 + 0.2 × Credit sales calculation

                        = 40,000 + 0.2 × Credit sales calculation

                        = 40,000 + 0.2 × (40,000 + 0.2 × Credit sales)

                        = 40,000 + 8,000 + 0.04 × Credit sales

                        = 48,000 + 0.04 × Credit sales calculation

48,000 + 0.04 × Credit income = 0

          Credit income = 48,000/0.04

          Credit income = 12,00,000

Hence,

       Rs. 400 is credit sales amount.

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