in a month payment for salary was Rs 5750 when the lag in payment of salary is 1/8 month if total salaries of current month are 6,000 determine salaries of previous month
Answers
Given : in a month payment for salary was Rs 5750 when the lag in payment of salary is 1/8 month
total salaries of current month are 6,000
To Find : determine salaries of previous month
Solution:
payment for salary was Rs 5750
total salaries of current month are 6,000
lag in payment of salary is 1/8 month
Hence salary received = 7/8 of 6000 + (1/8) last month
7/8 of 6000 + (1/8) last month = 5750
=> 5250 + (1/8) last month = 5750
=> (1/8) last month = 500
=> last month = 4000
salaries of previous month = 4000
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