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 |
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| = Rs. 11500. |
Discussion:
34 comments Page 3 of 4.
Prathamkumar said:
9 years ago
But how the answer is A?
I am not getting it.
I am not getting it.
Seema said:
8 years ago
Well said, I agree @Raja.
Khandaker Sajib Ahmed said:
8 years ago
P = A/(1 + nr).
Where:
P = The present value of the amount to be paid in the future,
A = The amount to be paid,
r = The interest rate,
n = The number of years from now when the payment is due.
Where:
P = The present value of the amount to be paid in the future,
A = The amount to be paid,
r = The interest rate,
n = The number of years from now when the payment is due.
Umang said:
8 years ago
Since the man sells the better offer is 12000 (Profit as a seller).
If the man buys the better offer is 12800 (Profit as a buyer).
If the man buys the better offer is 12800 (Profit as a buyer).
NAMAN JAIN said:
8 years ago
Not understood the soluation can you elaborate it please?
(2)
Shahin said:
8 years ago
In numerator why 100 is multiplied with amount?
(2)
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)
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)
Yash said:
7 years ago
Agreed @Vikas.
(1)
Logeshwari said:
6 years ago
Thanks all for explaining it.
(3)
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