A banker's discount of 15% on a bill due in four months is Rs. 420. The genuine discount is as follows:
A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320
Answer:C
A banker's discount of 15% on a bill due in four months is Rs. 420. The genuine discount is as follows:
A. Rs. 400 B. Rs. 360 C. Rs. 480 D. Rs. 320
Explanation: T.D. = B.D. x 100/100 + (R x T) = Rs. 420 x 100/100 +15 x 1 3 = Rs. 420 x 100/105 = 400 rupees.