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True Discount

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  1. The true discount on Rs. 2575 due 4 months hence is Rs. 75. The rate percent is ?
    1. 6%
    2. 8%
    3. 9%
    4. 5%
Correct Option: C

P.W. = Rs. (2575 - 75) = Rs. 2500
∴ Rate = (100 x 75 x 3) / (2500 x 1)% = 9%


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