Many sellers allow, in general a discount of _____ % of the quoted price of an article to those pay cash on delivery.
5%
10%
20%
25%
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
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 ?
15%
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
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. Find his gain per cent ?
30%
40%
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
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%
