Question

Y- draws a trade bill of 12000 for 6 month on x. after holding the bill for 2.5 month,y discount the bill with bank @10%p.a the amt. of discount on bill is
​

Answer 1

Y discount the bill with bank @10%p.a the amt. of discount on bill is

Explanation:

• Discounts are offered while we purchase an item from a seller or a manufacturer. There are three types of discounts.
• Trade Discount, Quantity Discount and Promotional Discount.
• The formula to calculate the discount rate is: Discount % = (Discount/List Price) × 100.
• 350 is the answer.