Mr. Jay draws a bill on Mr. John for Rs 3,00.000 on 1.1.2017 for 3 months. On 4.2.2017, John got the bill discounted at 12 % rate. The amount of discount will be ?
Hint : Rs 6000 is Correct Answer
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Answer:
The amount of discount will be ₹6000.
Explanation:
- The bill drawn by Mr. Jay on Mr. John for ₹300000 on 1.1.2017 was for 3 months but Mr. John discounted the bill on 4.2.2017, when 2 months were still left, so the amount of discount Mr. John will get is ₹6000.
- The solution will be 300000 will be multiplied by 12/100 and 2/12, so we will get 6000.
- 300000 is multiplied by 2/12 because 2 months were still left for the bill.
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