ABC26GN5393 · True Discount

Subject: General Aptitude · Chapter: True Discount · Exam: · Marks: · Difficulty:

The true discount on ₹2562 due 4 months hence is ₹122. The rate percent is

(a)12%

(b)$13\frac{1}{3}\%$

(c)15%

(d)14%

Answer

Answer (as printed): C

Explanation

P.W. = ₹(2562 – 122) = ₹2440. ∴ S.I. on ₹2440 for 4 months = ₹122. $$\text{Rate}=\left(\frac{100\times122}{2440\times\frac{1}{3}}\right)\%=15\%.$$

Explanation as extracted from the printed page; notation may be imperfect.