True Discount - Arithmetic Aptitude Questions and Answers

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A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

Rs. 12,000 in cash

s. 12,880 at credit

Both are equally good

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View Answer

Answer : Option A

Explanation :

P.W. of Rs. 12,880 due 8 months hence

P.w. of Rs. 12,880 due 8 months hence =Rs $[\frac { 12880*100 } { 100+[18*8/12]} ]$

=Rs $[\frac { 12880 *100} { 112 }]$

= Rs. 11500.

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