Advertisements
Advertisements
प्रश्न
A bill of ₹ 8,000 drawn on 5th January 1998 for 8 months was discounted for ₹ 7,680 on a certain date. Find the date on which it was discounted at 10% p.a.
उत्तर
Face value = ₹ 8,000
Cash value = ₹ 7,680
Banker discount (B.D.) = F.V. – C.V.
= 8,000 – 7,680
= ₹ 320
Date of drawing = 5th January 1998
Period = 8 months
Nominal due date = 5th September 1998
Legal due date = 8th September 1998
B.D. = `("F.V." xx "n"/365 xx 10)/100`
∴ `320 = (8,000 xx "n"/365 xx 10)/100`
∴ n = `(320 xx 100 xx 365)/(8000xx10)`
∴ n = 146 days
∴ To calculate date on which bill was discounted, we have to go 146 days behind from legal due date.
| April | May | June | July | Aug | Sep | Total |
| 15 | 31 | 30 | 31 | 31 | 8 | 146 days |
The date on which bill was discounted is 15th April 1998.
APPEARS IN
संबंधित प्रश्न
A whole seller allows 25% trade discount and 5% cash discount. What will be the net price of an article marked at ₹ 1,600?
What is the present worth of a sum of ₹ 10,920 due six months hence at 8% p.a. simple interest?
What is sum due of ₹ 8,000 due 4 months hence at 12.5% simple interest?
A bill was drawn on 14th April for ₹ 7,000 and was discounted on 6th July at 5% p.a. The Banker paid ₹ 6,930 for the bill. Find the period of the bill.
The marked price is also called as _____________.
The banker’s discount is always _______ than the true discount.
The difference between the banker’s discount and the true discount is called _______.
State whether the following statement is True or False.
The bankers discount is also called as commercial discount.
State whether the following statement is True or False.
A person can get both, trade discount and cash discount.
An article is marked at ₹ 800, a trader allows a discount of 2.5% and gains 20% on the cost. Find the cost price of the article.
A bill is drawn for ₹ 7,000 on 3rd May for 3 months and is discounted on 25th May at 5.5%. Find the present worth.
A bill was drawn on 14th April 2005 for ₹ 3,500 and was discounted on 6th July 2005 at 5% per annum. The banker paid ₹ 3,465 for the bill. Find the period of the bill.
The difference between true discount and banker’s discount on 6 months hence at 4% p.a. is ₹ 80. Find the true discount, banker’s discount and amount of the bill.
A manufacturer makes clear profit of 30% on cost after allowing 35% discount. If the cost of production rises by 20%, by what percentage should he reduce the rate of discount so as to make the same rate of profit keeping his list prices unaltered.
A bill of ₹ 4,800 was drawn on 9th March 2006 at 6 months and was discounted on 19th April 2006 for `6 1/4`% p.a. How much does the banker charge and how much does the holder receive?
Choose the correct alternative:
The date on which the period of the bill expires is called ______
State whether the following statement is True or False:
If only one discount is given then List price = Invoice price
Swastik Distributers allows 15% discount on the list price of washing machine. Further 5% discount is given for cash payment. Find the list price of the washing machine if it was sold for the net amount of ₹ 38,356.25
A bill was drawn on 14th April for ₹ 7,000 and was discounted on 6th July at 5% p.a. The Banker paid ₹ 6,930 for the bill. What is the legal due date
