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.
20%
30%
40%
50%
When a retailer buys goods from a whole sale merchant, the prices in the trade catalogue issued by the the wholesaler are usually subject to a _________________
Cash discount
Bills of exchange
Trade discount
None of these
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
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 %
14%
16%
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
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%
25 %
A shop keeper purchases a table marked at Rs.2000 at successive discount of 10% and 15% respectively. He spent Rs 70 on transportation and sold the table for Rs 2080. Finf his gain per cent ?
A bill of exchange for Rs.846.50 at 4 months after sight was drawn on 12 January 1992 and accepted at 3 1/2 % on 8 February 1992. Find the banker's discount and the discounted value of the bill
635.63
745.81
808.61
838.63
Find correct to the nearset paisa the true present worth of a bill for Rs 95 due in 7 months time, allowing interest at 4 1/2 % p.a .find also the true discount ?
1
1.89
2.43
3.21
Find a single discount equivalent to the discount series 20 %, 10 %, 5 %
30.8 %
31.6%
32.4 %
33.5%