Advertisements
Advertisements
प्रश्न
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`
उत्तर
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 = 5th September 2019
Legal due date = 8th September 2019
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 = 146 days
| April | May | June | July | Aug | Sep | Total |
| 15 | 31 | 30 | 31 | 31 | 8 | 146 |
∴ Date of discounting is 15th April 2019
APPEARS IN
संबंधित प्रश्न
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.
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.
Banker’s gain is simple interest on ______.
When only one discount is given, then ______
The difference between face value and present worth is called ______.
Fill in the Blank.
An _______ is an agent who sells the goods by auction.
Trade discount is allowed on the _______ price.
Fill in the Blank.
The banker’s discount is also called _______.
The date by which the buyer is legally allowed to pay the amount is known as _______.
Fill in the Blanks.
If buyer is allowed both trade and cash discounts, _______ discount is first calculated on _______ price.
State whether the following statement is True or False.
Trade discount is allowed on catalogue price.
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 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:
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
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
The banker’s discount is also called true discount.
