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True Discount - General Aptitude

Q1:

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

A 12%

B
13 1 %
3

C 15%

D 14%

ANS:C - 15%

P.W. = Rs. (2562 - 122) = Rs. 2440.  S.I. on Rs. 2440 for 4 months is Rs. 122.

 Rate = 100 x 122 % = 15%.
2440 x 1
3