Banker's Discount - Arithmetic Aptitude Questions and Answers

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The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

Rs. 60

Rs. 108

Rs. 110

Rs. 112

Answer : Option B

Explanation :

P.W. = Rs. (540 - 90) = Rs. 450.

S.I. on Rs. 450 = Rs. 90.

S.I. on Rs. 540 = Rs [\(\frac { 90 } { 450 } \) x 540] =Rs.108

B.D. = Rs. 108.

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