Advertisements
Advertisements
प्रश्न
State whether the following statement is True or False:
A person can get both, trade discount and cash discount
पर्याय
True
False
उत्तर
True
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?
The true discount on a sum is `3/8` of the sum due at 12% p.a. Find the period 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 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.
When only one discount is given, then ______
The difference between face value and present worth is called ______.
Fill in the Blank.
A person who draws the bill is called _______.
Fill in the Blank.
An _______ is an agent who sells the goods by auction.
Fill in the Blank.
The banker’s discount is also called _______.
The difference between the banker’s discount and the true discount is called _______.
Fill in the Blanks.
If buyer is allowed both trade and cash discounts, _______ discount is first calculated on _______ price.
_______ = List price (catalogue Price) – Trade 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.
The bankers discount is also called as commercial discount.
State whether the following statement is True or False.
In general cash discount is more than trade discount.
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?
The difference between the ______ and the true discount is called Banker’s Gain (B.G). It is equal to the interest on true discount
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 ₹ 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`
