Question

The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

Answer 1

Present Worth → P.W

P.W = Rs. (540 - 90) = Rs. 450

S.I on ₹450 is ₹90

S.I on ₹540 = (90/450×540)

= (540/5)

= ₹108

Banker's discount = ₹108