Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 4)
4.
A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?
Answer: Option
Explanation:
| P.W. of Rs. 12,880 due 8 months hence |
|
|||||||||||
|
||||||||||||
| = Rs. 11500. |
Discussion:
34 comments Page 1 of 4.
Vikas said:
8 years ago
The question is which one is a better option for the seller not for the buyer, so if he sells it for cash of Rs. 12000 but if he sells for credit he will only receive only Rs. 11500 (solved using formula).
Hence better option is to sell it for cash.
Hence better option is to sell it for cash.
(9)
M N S said:
3 years ago
S.I= (P*T*R)/100.
for P=12000,
S.I = 1440,
Total amount = P+S.I = 13440.
for what present value of P,
The total amount will be=12880 after 8 months with 18% interest is calculated using the formula
P.W= (P * 100)/ 100+ (R*T).
for P=12000,
S.I = 1440,
Total amount = P+S.I = 13440.
for what present value of P,
The total amount will be=12880 after 8 months with 18% interest is calculated using the formula
P.W= (P * 100)/ 100+ (R*T).
(4)
Sonu said:
5 years ago
Thanks for explaining @Kavya.
(3)
Logeshwari said:
6 years ago
Thanks all for explaining it.
(3)
Mohit sharma said:
7 years ago
Pv = Fv/(1+n*r) simple interest,
Pv = 12880/(1+.18/12*8),
= 12880/1.12,
PV = 11500.
Pv = 12880/(1+.18/12*8),
= 12880/1.12,
PV = 11500.
(3)
Madhu.T said:
1 decade ago
Just see my ans:-
By taking after 8 months how much we will get excess money
= 12880-12000 = 880/- ..........(Pls remind this),
If we take cash 12000/- now it self the interest would be after 8 months @ 18% P.A
= 12000*(18/100)*(8/12)
= 1440
so instead of going for credit, cash is better.
By taking after 8 months how much we will get excess money
= 12880-12000 = 880/- ..........(Pls remind this),
If we take cash 12000/- now it self the interest would be after 8 months @ 18% P.A
= 12000*(18/100)*(8/12)
= 1440
so instead of going for credit, cash is better.
(2)
Shahin said:
8 years ago
In numerator why 100 is multiplied with amount?
(2)
NAMAN JAIN said:
8 years ago
Not understood the soluation can you elaborate it please?
(2)
Kavya said:
9 years ago
Amount= P.W + I.
I = (P.W * T * R)/100.
So,
A = P.W+ (P.W * T * R)/100.
100(A) =100 * P.W + P.W * T * R.
P.W = 100A/100 + T * R.
A = 12880 (A is the total amount obtained after 8 months).
12000 -> obtained P.W.
I = (P.W * T * R)/100.
So,
A = P.W+ (P.W * T * R)/100.
100(A) =100 * P.W + P.W * T * R.
P.W = 100A/100 + T * R.
A = 12880 (A is the total amount obtained after 8 months).
12000 -> obtained P.W.
(1)
Abirami D said:
5 years ago
Thanks for deriving the formula @Kavya.
(1)
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers