Question

    An LC limit of ₹48 lakh is sanctioned, and the lead

    time is 3 months. What is the projected annual purchase of raw material?
    A ₹144 lakh Correct Answer Incorrect Answer
    B ₹180 lakh Correct Answer Incorrect Answer
    C ₹192 lakh Correct Answer Incorrect Answer
    D ₹200 lakh Correct Answer Incorrect Answer
    E ₹216 lakh Correct Answer Incorrect Answer

    Solution

    If ₹48 lakh covers 3 months, Annual Purchases = ₹48 lakh × (12 / 3) = ₹192 lakh

    Practice Next