The marked price is also called as _____________. - Mathematics and Statistics

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The marked price is also called as _____________.

Options

  • Cost price

  • Selling price

  • List price

  • Invoice price

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Solution

The marked price is also called as list price.

Concept: Discount
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Chapter 1: Commission, Brokerage and Discount - Miscellaneous Exercise 1 [Page 12]

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Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 1 Commission, Brokerage and Discount
Miscellaneous Exercise 1 | Q 1.08 | Page 12

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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.


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


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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 ______


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Solution: Banker’s Discount

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

Date of drawing = 5th 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`


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