Question

Calculate Average Due date from the following information (Assume February of $28$ days)

• A. Jan $1,2012$
• B. Aug $10,2011$
• C. Feb $28,2012$
• D. Aug $30,2011$

Answer 1

The correct option is A Jan $1,2012$

Due Date :

$\Rightarrow$ August 10, 2011 + 3 Months + 3 Days = September 13, 2011.

$\Rightarrow$ October 23, 2011 + 60 Days + 3 Days = December 25, 2011

$\Rightarrow$ December 4, 2011 + 2 Months + 3 Days = February 7, 2012

$\Rightarrow$ January 14, 2012 + 60 days + 3 Days = March 18, 2012

$\Rightarrow$ March 08, 2012 + 2 Months + 3 Days = May 11, 2012.

$\Rightarrow$ Here, we are taking September 13, 2011 as a base date.

$DueDate$	$Amount$ $Rs.$	$No.ofdaysfrom$ $September13,2011$	$Product$
September 13, 2011	6000	0	0
December 25, 2011	5000	103	515000
February 7, 2012	4000	147	588000
March 18, 2012	2000	186	372000
May 11, 2012	3000	240	720000
$Total$	$20000$		$2195000$

$\Rightarrow$ $AverageDueDate=BaseDate+\frac{TotalofProduct}{TotalAmount}$

$\Rightarrow$ $AverageDueDate=September13,2011+\frac{2195000}{20000}$

$\Rightarrow$ $AverageDueDate=September13,2011+109.7days$

$\Rightarrow$ $AverageDueDate=September13,2011+110days$

$\therefore$ $AverageDueDate=January01,2012$