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. 735Therefore, S.I. on Rs. 735 = Rs. 105
S.I. on Rs. 8400
= $$\frac{{105 \times 840}}{{735}}$$
= Rs. 120
This Question Belongs to Arithmetic Ability >> Bankers Discount
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