True Discount - Arithmetic Aptitude Questions and Answers

Home / Arithmetic Aptitude / True Discount :: Discussion

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

12%

13 $\frac { 1 } { 3}$ %

15%

14%

Answer : Option C

Explanation :

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

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

Rate = $[ \frac { 100*122 } { 2440*1/3 } ]$ %= 15%.

Be The First To Comment

Comments

Name