Banker’s
Discount Practice Questions – Set 1
1. The true discount on a bill of Rs. 540 is Rs.
90. The banker's discount is:
a) Rs.60
b) Rs.108
c) Rs.110
d) Rs.112
e) Rs.115
Banker’s Discount Practice Questions – Set 1
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Showing posts with label bankers discount. Show all posts
Showing posts with label bankers discount. Show all posts
Quantitative Aptitude Notes: Banker’s Discount
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Quantitative Aptitude Notes: Banker’s Discount
Banker's Discount:
Suppose a merchant P buys
goods worth, say Rs. 10,000 from another merchant Q at a credit of say 5
months. Then, Q prepares a bill, called the bill of exchange. P signs this bill
and allows Q to withdraw the amount from his bank account after exactly 5
months.
