हिंदी

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. - Mathematics and Statistics

Advertisements
Advertisements

प्रश्न

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.

योग

उत्तर

Given, S.D. = ₹ 4,240,

n = `6/12 = 1/2` years, r = 9% p.a.

Since, B.D. = `("S.D." xx "n" xx "r")/100`

∴ B.D. = `(4,240 xx 1/2 xx 9)/100`

`= (4,240 xx 9)/(100 xx2)`

∴ B.D. = ₹ 190.80

Let true discount be ₹ x

Now, B.D. = T.D. + Interest on T.D. for `1/2` year at 9% p.a.

∴ 190.80 = `x + (x xx 1/2 xx 9/100)`

∴ `190.80 = x + (9x)/200`

∴ `190.80 = (209 x)/200`

∴ x = `(190.80 xx 200)/209`

∴ x = ₹ 182.58

∴ T.D. = ₹ 182.58 ≈ ₹ 182.60

Also, B.G. = B.D. – T.D. = 190.8 – 182.58

∴ B.G. = ₹ 8.22 ≈ ₹ 8.20

∴ True discount, banker’s discount and banker’s gain are ₹ 182.60, ₹ 190.80 and ₹ 8.20 respectively.

shaalaa.com
Discount
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Commission, Brokerage and Discount - Exercise 1.2 [पृष्ठ ११]

APPEARS IN

बालभारती Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Commission, Brokerage and Discount
Exercise 1.2 | Q 6 | पृष्ठ ११

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?


True discount on the sum due 8 months hence at 12% p.a. is ₹ 560. Find the sum due and present worth of the bill.


20 copies of a book can be purchased for a certain sum payable at the end of 6 months and 21 copies for the same sum in ready cash. Find the rate of interest.


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.


If difference between true discount and banker’s discount on a sum due 4 months hence is ₹ 20. Find true discount, banker’s discount and amount of bill, the rate of simple interest charged being 5%p.a.


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 a certain sum drawn on 28th February 2007 for 8 months was encashed on 26th March 2007 for ₹ 10,992 at 14% p.a. Find the face value of the bill.


The banker’s discount is always _______ than the true discount.


State whether the following statement is True or False.

The banker’s discount is always lower than the true discount.


State whether the following statement is True or False.

In general cash discount is more than trade discount.


A merchant buys some mixers at 15% discount on catalogue price. The catalogue price is ₹ 5,500 per piece of a mixer. The freight charges amount to `2 1/2` % on the catalogue price. The merchant sells each mixer at 5% discount on catalogue price. His net profit is ₹ 41,250. Find a number of mixers.


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 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?


State whether the following statement is True or False: 

A person can get both, trade discount and cash discount


State whether the following statement is True or False: 

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


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`


A wholesaler allows a 25% trade discount and a 5% cash discount. The net price of an article marked at ₹ 1,600 is ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×