alleryStart learning →A factor advances 80 percent of a Rs 5,00,000 invoice. What is the advance paid?
ARs 1,00,000
BRs 4,50,000
CRs 4,25,000
DRs 4,00,000
Answer & Solution
Correct answer: D. Rs 4,00,000
80 percent of Rs 5,00,000 equals Rs 4,00,000, with the rest held back until the debtor pays.
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