A bill for Rs.12750 was payable 60 days after sight. It was accepted om 4 March 1990and discounted on 25 March 1990. What was the discounted value of the bill if the rate of interest was 3 1/2 % per annum ?
11000
11625.75
12698.65
13423.63
The trade discount on a bill of Rs 660 is Rs 110. The rate of interest is 4 per cent . In how much time will the bill the due?
2 years
3 years
4 years
5 years
A bill for Rs28050 is drawn on 22 April 1990 at 11 months and is discounted on 11 January 1991. Find the banker's gain if the rate of interest be 10%
11
21
31
41
A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash payment, what profit per cent does he make?
12%
13%
14%
15%
A machine is marked at Rs 5900 and is available at a discount of 10%. The shopkeeper gives the buyer another off season discount and sells the machine at Rs4779. Find the off season discount
10%
20%
25 %
40%
In order to help maintain the price line, trader allows a discount of 10% on the market price of the goods on his shop. However, he still makes a gross profit 17% on the cost price. Find the profit percent he would have made had he sold the goods at the market price.
30%
50%
A shopkeeper allows a discount of 12 1/2 % on the marked price of a certain article and makes a profit of 20 %. If the article cost the shop keeper Rs.210, the shopkeeper what price should be marked on the article ?
108
118
208
288
If a merchant A buys goods from another merchant B, payment is often made by what is called __________________
Bills of exchange
Discount
trade discount
None of these
Find how much a bill broker gives for a bill of Rs.400, drawn on June1 for 2 months, which the discount on July 6 at 5% p.a
359.25
368.21
394.41
398.41
If a banker's gain is 1/25 of the true discount and the bill is due after 3 months. Calculate the rate of interest.
11%
13 %
16%