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Question

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

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March 16, 2018 at 5:43 am #442760
basitali242313
Member
- Topics: 2
- Replies: 1
Baker required allowance for receivables is 4000 which would make the allowance one third higher than the current allowance
What is the previous allowance ?
I need to know how to solve the fraction
March 16, 2018 at 8:40 am #442776
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10530
That is not an F1 topic. It’s F3. However,
4000 must represent Old allowance + 1/3 Old allowance = 4/3 of old allowance
Therefore old allowance = 3/4 x 4000 = 3000
[Check: Old 3,000 + 1/3 x 3000 = 4,000]
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