Question

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
A.Rs. 72
B.Rs. 36
C.Rs. 54
D.Rs. 50

Answer 1

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Answer 2

Explanation :

T.D. =(B.G. x 100) / (R x T)

= Rs. (6 x 100)/( 12 x 1)

= Rs. 50