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Banker's Discount Practice Test 1
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© examsnet.com
Question : 12
Total: 40
Harshit purchased a bag for Rs 1,850 in cash and sold it to Puneet for Rs 1,957 at a credit of 6 months. If the rate of interest is 6% p.a., then a Harshit has:
a gain of Rs 42
a gain of Rs 50
a loss of Rs 47
a loss of Rs 50
No profit or loss
Validate
Solution:
Cost price of the bag = Rs 1,850
Selling price of the bag = PW of Rs 1,957 due
6 months hence,
=
100
×
1957
100
+
(
6
×
6
12
)
=
195700
103
= Rs 1,900
∴ Harshit’s gain = 1,900 - 1,850 = Rs 50
© examsnet.com
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