Lessons

General Aptitude
17.1 True Discount - General Questions

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Q.

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

View Answer

Correct choice: C

Explanation:

P.W. = Rs. (2562 - 122) = Rs. 2440.

∴ S.I. on Rs. 2440 for 4 months is Rs. 122.

∴ Rate = 100 x 122 % = 15%.
2440 x 1
3
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