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EPFO · 2015 Commerce & Accountancy › Financial Accounting
A firm is purchasing two items, both on credit on the same day. The credit term offered for the first item is 2 1/2/10, 1/20, net 30; and the credit term offered for the second item is 3/5, 2/15, net 30. The declared purchase cost of item 1 is ₹ 60,000 and that of item 2 is ₹ 1,40,000. If both credits can be settled on the 14th day, what will be the total amount to be paid out ?

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