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