If both credit can be settled on the 14th day, what will be the total amount to be paid out?

A firm is purchasing two items, both on credit on the same day. The credit term offered for the first item is 2 ½/10, 1/20, net 30; and the credit term offered for the second item is 3/5, 2/15, net 30. The declared purchased cost of item 1 is Rs.60,000 and that of item 2 is Rs. 1,40,000. If both credit can be settled on the 14th day, what will be the total amount to be paid out?
(a) Rs.1,97,200
(b) Rs. 1,97,500
(c) Rs. 1,96,600
(d) Rs. 1,98,400

Anurag Mishra Professor Asked on 12th January 2016 in Maths.
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