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The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

Correct answer: B. Rs. 1764

  • A. Rs. 1386
  • B. Rs. 1764
  • C. Rs. 1575
  • D. Rs. 2268Fun & Trivia

Explanation

For 9 months, the interest ratio is 16% x 9/12 = 12%. True discount equals bill amount x 12/112, so the bill amount is Rs. 189 x 112/12 = Rs. 1764. The likely mistake is selecting Rs. 1575 by subtracting Rs. 189 from the bill amount or by applying a simple percentage directly without converting true discount to the amount due.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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