The present worth of a certain bill due sometime hence is Rs. 800 and the true discount isRs. 36. The banker’s gain is
Correct Answer : C
The banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is
The ratio of the cost price and the selling price is 4 : 5. The profit percent is:
A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20%?