Question
Out of her total income, Priya spent 20% on rent, 50% of
the remaining income on groceries, and saved 40% of the income left after her expenses.Solution
ATQ, Let the income of Priya = Rs. '100y' Amount remaining with Priya after her expenses on rent = 100y - 100y Ă— 0.2 = Rs. '80y' Amount remaining with Priya after her expenses on groceries = 80y - 80y Ă— 0.5 = Rs. '40y' Amount saved by Priya = 40y Ă— 0.4 = Rs. '16y' If 16y = 32000, So, income of Priya = 32000 Ă— (100y / 16y) = Rs. 2,00,000
Account Receivable Turnover ratio is calculated by
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