The following details have been extracted from the debtors collection records of X limited:
Invoices paid in the month after sale 60%
Invoices pain in the second month after sale 20%
Invoices paid in the third month after sale 15%
Bad debts 5%
Credit sales for June to August 2014 or budgeted as follows:
June Rs. 1,00,000
July Rs. 1,50,000
August Rs. 1,30,000
customers pain in the month after sale are entitled to deduct a 2% cash discount. Invoices are issued on the last day of the month. The amount budgeted to be received in September 2014 from credit sales is