At a rate of 12% per year, the banker's profit on a bill due in a year is Rs. 6. The genuine discount is as follows:
A. Rs. 72
B. Rs. 36
C. Rs. 54
D. Rs. 50
Answer:C
At a rate of 12% per year, the banker's profit on a bill due in a year is Rs. 6. The genuine discount is as follows:
A. Rs. 72 B. Rs. 36 C. Rs. 54 D. Rs. 50
Explanation: T.D. = B.G. x 100/R x T = Rs. 6 x 100/12 x 1 = Rs. 50