###### Advertisements

###### Advertisements

The marked price is also called as _____________.

#### Options

Cost price

Selling price

List price

Invoice price

###### Advertisements

#### Solution

The marked price is also called as **list price**.

#### APPEARS IN

#### RELATED QUESTIONS

Swatantra Distributors allows 15% discount on the list price of washing machine. Further 5% discount is given for cash payment. Find the list price of the washing machine if it was sold for the net amount of ₹ 38,356.25.

A bill drawn on 5^{th} June for 6 months was discounted at the rate of 5% p.a. on 19^{th} October. If the cash value of the bill is ₹ 43,500, find face value of the bill.

A bill was drawn on 14^{th} April for ₹ 7,000 and was discounted on 6^{th} July at 5% p.a. The Banker paid ₹ 6,930 for the bill. Find the period of the bill.

If difference between true discount and banker’s discount on a sum due 4 months hence is ₹ 20. Find true discount, banker’s discount and amount of bill, the rate of simple interest charged being 5%p.a.

A bill of a certain sum drawn on 28^{th} February 2007 for 8 months was encashed on 26^{th} March 2007 for ₹ 10,992 at 14% p.a. Find the face value of the bill.

When only one discount is given, then ______

The difference between face value and present worth is called ______.

**Fill in the Blank.**

The banker’s discount is always _______ than the true discount.

**State whether the following statement is True or False.**

The date on which the period of the bill expires is called the nominal due date.

The difference between the banker’s discount and true discount is called sum due.

**State whether the following statement is True or False.**

The banker’s discount is always lower than the true discount.

An article is marked at ₹ 800, a trader allows a discount of 2.5% and gains 20% on the cost. Find the cost price of the article.

A bill is drawn for ₹ 7,000 on 3rd May for 3 months and is discounted on 25^{th} May at 5.5%. Find the present worth.

The difference between true discount and banker’s discount on 6 months hence at 4% p.a. is ₹ 80. Find the true discount, banker’s discount and amount of the bill.

A trader offers 25% discount on the catalogue price of radio and yet makes 20% profit. If he gains ₹ 160 per radio, what must be the catalogue price of the radio?

A bill of ₹ 4,800 was drawn on 9^{th} March 2006 at 6 months and was discounted on 19^{th} April 2006 for `6 1/4`% p.a. How much does the banker charge and how much does the holder receive?

**Choose the correct alternative:**

The date on which the period of the bill expires is called ______

The difference between the ______ and the true discount is called Banker’s Gain (B.G). It is equal to the interest on true discount

The date on which the bill is drawn is called as ______

**State whether the following statement is True or False: **

A person can get both, trade discount and cash discount

Find the true discount Banker’s discount and Banker’s gain on a bill of ₹ 4,240 due 6 months hence at 9% p.a.

A bill of ₹ 65,700 drawn on July 10 for 6 months was discounted for ₹ 65,160 at 5% p.a. on what day was the bill discounted?

A bill was drawn on 14th April for ₹ 7,000 and was discounted on 6th July at 5% p.a. The Banker paid ₹ 6,930 for the bill. What is the legal due date

A bill of ₹ 8,000 drawn on 5^{th} January 2019 for 8 months was discounted for ₹ 7,680 on a certain date. Find the date on which it was discounted at 10% p.a.

**Solution:** Banker’s Discount

B.D.= F.V. − C.V. = 8,000 −7,680 = ₹ 320

Date of drawing = 5^{th} January 2019

Period = 8 months

Nominal due date = `square`

Legal due date = `square`

B.D. = Interest on F.V. for n at 10% p.a.

∴ B.D. = `("F.V." xx "n"/365 xx "r")/100`

∴ 320 = `(8000 xx "n"/365 xx 10)/100`

∴ n = `square` days

April |
May |
June |
July |
Aug |
Sep |
Total |

15 | 31 | 30 | 31 | 31 | `square` | `square` |

∴ Date of discounting is `square`

A wholesaler allows a 25% trade discount and a 5% cash discount. The net price of an article marked at ₹ 1,600 is ______.