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Question
If Total sales is ₹ 2,50,000 and credit sales is 25% of Cash sales. The amount of credit sales is ______.
Options
₹ 50,000
₹ 2,50,000
₹ 16,000
₹ 3,00,000
MCQ
Fill in the Blanks
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Solution
If Total sales is ₹ 2,50,000 and credit sales is 25% of Cash sales. The amount of credit sales is ₹ 50,000.
Explanation:
Let Cash sales be x.
Credit sales = 25% of Cash sales
Total sales = Cash sales + Credit sales
2,50,000 = `x + 25/100 x`
2,50,000 = `125/100 x`
`(2,50,000 xx 100)/125` = `x`
Cash sales `(x)` = ₹ 2,00,000
Credit sales = 25% of Cash sales
= `25/100 xx 2,00,000`
= ₹ 50,000
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