ABC26GN5414 · Banker’s Discount

Subject: General Aptitude · Chapter: Banker’s Discount · Exam: · Marks: · Difficulty:

The banker’s discount on ₹1650 due a certain time hence is ₹165. Find the true discount and the banker’s gain.
Answer
Answer (as printed):
Explanation
Sum = = . B.D. − T.D. B.G. T.D. Sum 1650 10 ∴ = = = . B.G. B.D. 165 1 Thus, if B.G. is Re 1, T.D. = ` 10.  10  If B.D. is ` 11, T.D. = ` 10. If B.D. is ` 165, T.D. = `  × 165  = ` 150.  11  And, B.G. = ` (165 – 150) = ` 15.

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

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