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Q:

The banker's discount of a certain sum of money is Rs. 72 and the true discount on the

same sum for the same time is Rs. 60. The sum due is:

A) 290 B) 480
C) 360 D) 420

Answer:   C) 360



Explanation:

Sum =(B.D. x T.D.)/(B.D. - T.D.)

       = Rs. (72 x 60) / (72 - 60)

       = Rs. (72 x 60) /12

       = Rs. 360.

Subject: Banker's Discount
Related Questions
Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

A) 50 B) 129
C) 100 D) 160
 
Answer & Explanation Answer: B) 129

Explanation:

B.G. = S.I. on T.D.

          = Rs.(120 x 15 x 1/2 x 1/100)

  = Rs. 9.

(B.D.) - (T.D.) = Rs. 9.

 

B.D. = Rs. (120 + 9) = Rs. 129.

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