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The difference between the banker’s discount and the true discount is called ______. - Mathematics and Statistics

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Question

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

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Solution

The difference between the banker’s discount and the true discount is called bankers gain.

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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) [English] Standard 12 Maharashtra State Board
Chapter 1 Commission, Brokerage and Discount
Miscellaneous Exercise 1 | Q 2.06 | Page 12
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