Home » Aptitude » Banker's Discount » Question
  1. The banker’s gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
    1. Rs. 200
    2. Rs. 100
    3. Rs. 150
    4. Rs. 250
Correct Option: A

Here , Banker's Gain = Rs. 20 , Time = 1 year and Rate = 10%
According to question ,

True Discount = Banker's Gain × 100
Time x Rate
True Discount = 20 × 100
1 x 10

∴ True Discount = 200
Hence , true discount is Rs. 200 .



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