Tutor profile: Saumya P.

Ryan earns £500 a month after 25% of the rise in the salary. What will be his pay before?

Ryan had a 25% rise. 500 is 125% of his original pay. to Find out the original pay first, we will found out the 1% pay. For 1%, we will divide £500 by 125, and multiply by 100. 1% of his original pay is 500/125 = 4 So, the original earnings will be 4*100= 400

What is the relationship between Price, Demand and Supply? And how does it affects our economy?

Demand is a request or order place by the customer for their suppliers. Supply is fulfilling the demand for customers. Or sending the commodities on time. Demand and Supply both are dependable on each other. For example. If the rate of petrol rises the demand for petrol will be less, and people will prefer public transport, which leads to the downfall of supply of Car. If the supply of a car is going down all the Automobile companies will suffer loss. If Automobile company is in the loss they will not be able to pay taxes and suffer debts. If Automobile companies are in loss, the government will not receive taxes and revenues and will imply more taxes on other sectors, which will be a huge impact on our Economy.

When Cash is debited and credited?

Whenever cash is received, the cash account is debited. And whenever cash is paid out cash account is credited. For example: If a customer purchases a product X from Debenhams at £50. Amount deducted from customer's cash account so for the customer, its Accounts Payable and his/her cash account will be credited. But for Debenhams, their cash account will be debited and it will be an Accounts Receiveable.