New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    A debtor can pay 78 paise in the rupee, but if his

    creditors would take 25% of his debts, he could pay them and have Rs 48 left. His debts and assets respectively are
    A 1,600 and 1,248 Correct Answer Incorrect Answer
    B 1,600 and 1,428 Correct Answer Incorrect Answer
    C 2,400 and 1,248 Correct Answer Incorrect Answer
    D 1,200 and 1,400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the total debt be x Asset = 78/100 x  After paying debt 25% of the debt, he is left with 75% of the debt plus Rs 48. ∴ 75% of x + 48 = 78/100 x  78/100 x - 75/100 x = 48  3/100 x = 48  x = 1,600 So, debt = Rs 1,600 and  Asset = 78/100 × 1,600 = Rs 1,248

    Practice Next