1.26 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICSArithmetic
Example 44 :
Calculate Average Due date from the following information:
Date of the Bill Term Amount (`````)
August 10, 2011 3 months 6,000
October 23, 2011 60 days 5,000
December 4, 2011 2 months 4,000
January 14, 2012 60 days 2,000
March 8, 2012 2 months 3,000
Solution:
Computation of Average Due Date ‘O’ Date = 13.11.1994
Date of the Bill Due Date No. of days from ‘0 date Amount Product
` `
10.8.2011 13.11.2011 0 6,000 0
23.10.2011 25.12.2011 42(17 + 25) 5,000 2,10,000
4.12.2011 7.2.2012 86 (17 + 31+31+7) 4,000 3,44,000
14.1.2012 18.3.2012 125 (17 + 31 + 31 + 28 +18) 2,000 2,50,000
8.3.2012 11.5.2012 179(17 + 31+31+28 + 31+30 + 11) 3,000 5,37,000
20,000 13,41,000
∴ Average Number of Days =13,41,000
20,000
`
` = 67 days (approx)
∴ So, Average Due Date will be = 13th Nov. 2011 + 67 days = 19.01.2012.
Working
Due date to be calculated as under
Date of the Bill Periods Due Date (after adding 3 days for grace)
10.8.2011 3 months 13.11.2011
23.10.2011 60 days 25.12.2011 (8 + 30 + 22 + 3)
4.12.2011 2 months 7.2.2012
14.1.2012 60 days 18.3.2012(17 + 28 + 15 + 3)
8.3.2012 2 months 11.5.2012
Example 45 :
Sardar sold goods to Teri as under:
Date of Invoice Value of Goods Sold Date of Invoice Value of Goods Sold
` `
7.5.2012 1,000 24.5.2012 1,500
15.5.2012 2,000 1.6.2012 4,000
18.5.2012 3,500 7.6.2012 3,000