alleryStart learning →Cash price Rs 80 lakh; deferred payments total Rs 88 lakh. Interest over credit?
ARs 88 lakh
BRs 80 lakh
CRs 8 lakh
DRs 4 lakh
Answer & Solution
Correct answer: C. Rs 8 lakh
Cost is the cash price of 80 lakh; the 8 lakh difference between 88 lakh and 80 lakh is interest over the credit period.
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