Advertisements
Advertisements
प्रश्न
Fill in the Blank.
The banker’s discount is also called _______.
उत्तर
The banker’s discount is also called Commercial Discount.
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 sum due of ₹ 8,000 due 4 months hence at 12.5% simple 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.
Choose the correct alternative.
P is the abbreviation of
Banker’s gain is simple interest on ______.
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.
State whether the following statement is True or False.
A person can get both, trade discount and cash discount.
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 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?
The date on which the bill is drawn is called as ______
State whether the following statement is True or False:
A person can get both, trade discount and cash discount
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 difference between true discount and banker's discount on a bill due 6 months hence at 4% is ₹ 160. Calculate true discount, banker's discount and amount of bill.
The banker’s discount is also called true discount.
