What is the banker’s discount, if the true discount on a bill of Rs. 840 is Rs.105?

A. Rs. 100

B. Rs. 110

C. Rs. 120

D. Rs. 130

Answer: Option C

Solution(By Examveda Team)

Present Worth (P.W.) = 840 - 105 = Rs. 735
Therefore, S.I. on Rs. 735 = Rs. 105
S.I. on Rs. 8400
= $$\frac{{105 \times 840}}{{735}}$$
= Rs. 120