Discussion :: True Discount
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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?
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Answer : Option A
Explanation :
| P.W. of Rs. 12,880 due 8 months hence |
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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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