The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
Answer: Option C
Solution(By Examveda Team)
$$\eqalign{ & {\text{P}}{\text{.W}}{\text{.}} = Rs.\left( {2562 - 122} \right) \cr & = Rs.2440 \cr & \therefore {\text{S}}{\text{.I}}{\text{.}}\,{\text{on}}\,{\text{Rs}}{\text{.}}\,{\text{2440}}\,{\text{for}}\,{\text{4}}\,{\text{months}}\,{\text{is}}\,{\text{Rs}}{\text{.}}\,{\text{122}}{\text{.}} \cr & \therefore {\text{Rate}} = \left[ {\frac{{100 \times 122}}{{2440 \times \frac{1}{3}}}} \right]\% = 15\% \cr} $$Join The Discussion
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Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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