Advertisements
Advertisements
Question
State whether the following statement is True or False.
In general cash discount is more than trade discount.
Options
True
False
Solution
False.
APPEARS IN
RELATED QUESTIONS
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.
The sum due is also called as ______.
The difference between face value and present worth is called ______.
Trade discount is allowed on the _______ price.
_______ = List price (catalogue Price) – Trade Discount.
Cash discount is allowed on list price.
State whether the following statement is True or False.
The banker’s discount is always lower than the true discount.
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 bill was drawn on 14th April 2005 for ₹ 3,500 and was discounted on 6th July 2005 at 5% per annum. The banker paid ₹ 3,465 for the bill. Find the period of the bill.
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?
Choose the correct alternative:
The date on which the period of the bill expires is called ______
Choose the correct alternative:
The marked price is also called as ______
State whether the following statement is True or False:
A person can get both, trade discount and cash discount
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 ₹ 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
