Extra Education
← All Accountancy 2 questions
1

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 ?

Correct Answer: Rs. 100000

Make the most of this question

This page focuses on one Accountancy 2 question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

← More Accountancy 2 MCQsAll Faculty topicsMock test hub
Accountancy 2 MCQ: 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 ? | Extra Education