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 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
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
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
Find a single discount equivalent to the discount series 20 %, 10 %, 5 %
30.8 %
31.6%
32.4 %
33.5%
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%
