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Choose the correct alternative: The marked price is also called as ______ - Mathematics and Statistics

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प्रश्न

Choose the correct alternative:

The marked price is also called as ______

विकल्प

  • Cost price

  • Selling price

  • Invoice price

  • List price

MCQ
रिक्त स्थान भरें

उत्तर

List price

shaalaa.com
Discount
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2.1: Commission, Brokerage and Discount - Q.1

संबंधित प्रश्न

Swatantra Distributors 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.


True discount on a bill is ₹ 2,200 and bankers discount is ₹ 2,310. If the bill is due 10 months, hence, find the rate of interest.


A bill of ₹ 6,395 drawn on 19th January 2015 for 8 months was discounted on 28th February 2015 at 8% p.a. interest. What is the banker’s discount? What is the cash value of the bill?


A bill drawn on 5th June for 6 months was discounted at the rate of 5% p.a. on 19th October. If the cash value of the bill is ₹ 43,500, find face value of the bill.


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.


A bill of ₹ 51,000 was drawn on 18th February 2010 for 9 months. It was encashed on 28th June 2010 at 5% p.a. Calculate the banker’s gain and true discount. 


When only one discount is given, then ______


Fill in the Blank.

A person who draws the bill is called _______.


The date by which the buyer is legally allowed to pay the amount is known as _______.


State whether the following statement is True or False.

Trade discount is allowed on catalogue price.


State whether the following statement is True or False.

In general cash discount is more than trade discount.


The difference between the ______ and the true discount is called Banker’s Gain (B.G). It is equal to the interest on true discount


State whether the following statement is True or False: 

If only one discount is given then List price = Invoice price


Find the true discount Banker’s discount and Banker’s gain on a bill of ₹ 4,240 due 6 months hence at 9% p.a.


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


A bill of ₹ 51,000 was drawn on 18th February 2010 for 9 months. It was encashed on 28th June 2010 at 5% p.a. Calculate the banker’s gain and true discount


A bill of ₹ 8,000 drawn on 5th January 2019 for 8 months was discounted for ₹ 7,680 on a certain date. Find the date on which it was discounted at 10% p.a.

Solution: Banker’s Discount

B.D.= F.V. − C.V. = 8,000 −7,680 = ₹ 320

Date of drawing = 5th January 2019

Period = 8 months

Nominal due date = `square`

Legal due date = `square`

B.D. = Interest on F.V. for n at 10% p.a.

∴ B.D. = `("F.V." xx "n"/365 xx "r")/100`

∴ 320 = `(8000 xx "n"/365 xx 10)/100`

∴ n = `square` days

April May June July Aug Sep Total
15 31 30 31 31 `square` `square`

∴ Date of discounting is `square`


The banker’s discount is also called true discount.


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