The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
A. Rs. 72
B. Rs. 36
C. Rs. 54
D. Rs. 50
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & T.D. = \frac{{B.G. \times 100}}{{R \times T}} \cr & = Rs.\,\left( {\frac{{6 \times 100}}{{12 \times 1}}} \right) \cr & = Rs.\,50 \cr} $$This Question Belongs to Arithmetic Ability >> Bankers Discount
Related Questions on Bankers Discount
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320
A. 3 months
B. 4 months
C. 6 months
D. 8 months
A. Rs. 480
B. Rs. 520
C. Rs. 600
D. Rs. 960
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