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State whether the following statement is True or False. A person can get both, trade discount and cash discount - Mathematics and Statistics

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प्रश्न

State whether the following statement is True or False.

A person can get both, trade discount and cash discount.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

True.

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Discount
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Commission, Brokerage and Discount - Miscellaneous Exercise 1 [पृष्ठ १२]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Commission, Brokerage and Discount
Miscellaneous Exercise 1 | Q 3.1 | पृष्ठ १२

संबंधित प्रश्न

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?


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.


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 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. 


Fill in the Blank.

A person who draws the bill is called _______.


Fill in the Blank.

The banker’s discount is also called _______.


State whether the following statement is True or False.

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


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 trader offers 25% discount on the catalogue price of radio and yet makes 20% profit. If he gains ₹ 160 per radio, what must be the catalogue price of the radio?


Choose the correct alternative:

The marked price is also called as ______


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 of ₹ 65,700 drawn on July 10 for 6 months was discounted for ₹ 65,160 at 5% p.a. on what day was the bill discounted?


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 ₹ 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`


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