The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

1.

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

Answer: Option A

Explanation:

T.D.

=	B.D. x 100
	100 + (R x T)

= Rs.

1-sym-obracket-h1

420 x 100

1-sym-cbracket-h1

100 +		15 x	1
			3

= Rs.		420 x 100
		105

= Rs. 400.

Leave a Comment

Aptitude :: Banker's Discount : More Exercises

Banker's Discount - General Questions