A debtor can pay 87 paise in the rupee, but if his creditors would tale 10% of his debts, he could pay them and have Rs. 42 left. His debts and assets respectively are

A debtor can pay 87 paise in the rupee, but if his creditors would tale 10% of his debts, he could pay them and have Rs. 42 left. His debts and assets respectively are

(a)

Rs.400, Rs. 520

(b)

Rs. 500, Rs. 521

(c)

Rs.600,Rs.522

(d)

Rs. 1000, Rs. 525

1 Answer

127 votes

Answer Key / Explanation : (c) -

Let total debt= Asset =

After paying 20% of the debt, he is left with 80% of the debt plus Rs. 42.