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 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
The list price of a watch is Rs.160. A retailer pays Rs.122.40 for it. He gets successive discount of 10 % and another rate which is illegible. What is second discount rate ?
5%
10%
15%
20%
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%
A dealer buys an old scooter listed at Rs 2600 and gets successive discount of 5% and 10%. He spends some amount on its repairs and sells of it for rs 2750, there by gaining 10 %. Find the amount spent by the dealer on repairs.
277
377
477
577
Many sellers allow, in general a discount of _____ % of the quoted price of an article to those pay cash on delivery.
25%
