A retail store makes 30% of its sales for cash and the remainder on credit. Due to faulty credit collection practice, there have been losses from bad debts to the extent of 2% credit sales on an average in the past. It i

A retail store makes 30% of its sales for cash and the remainder on credit. Due to faulty credit collection practice, there have been losses from bad debts to the extent of 2% credit sales on an average in the past. It is experienced that normally 50% of credit sales are collected in the month following the sale, 30% in the second following month and 18% in the third following month. Sales in the preceding three months have been - January 2019 ₹4,00,000, February ₹5,00,000 and March ₹7,00,000. Sales for the next three months are estimated as April ₹7,50,000, May ₹5,50,000 and June ₹5,00,000. The cash receipt from credit sales in the month of June would be :