Paid Rs. 7000 at the time of contract. Four annula instalments were paid respectively Rs. 7800 , Rs. 6200, Rs. 4700, Rs. 3300. Rate of intrest is 10% Find cash price.

Related MCQs

• Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.
• According to hire purchase agreement Rs. 25000 is the down payment and Rs. 90000 is the total amount of three equal instalments inclusive of interest Rs. 15000. How much would be the cash price of the asset ?
• By deducting cash price from the contract price of assets, the difference of the amount is called
• Cash price of asset + Interest =            price
• Which account is to be prepared to know Cash Purchase or Cash Sale?
• Contract of Insurance is a contract between the trader and the insurance Company to -
• Total amount payable less its cash price is equal to              -
• Total amount payable less its cash price is equal to -
• Cum interest price of security is               than ex- interest price.
• At the end of the year, the interest paid and depreciation charged are transferred to the account