Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
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provision for discount received
You can find the answer to a simple question like this by doing the following60 / 10 = 10% of 6060 / 10 = 6 = 10%6 x 3 = 10% x 36 x 3 = 18 = 30%
It is discount given by the seller.
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
Simple discount is the amount of money a bank is willing to lose or convey to a customer to get their business. Excellent customers of a bank, for example, might be given a discount of a rate of interest that is equal to the prime rate.
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hey actually i kmow d answer but actually idont know d answer
The question appears to be what is the percentage of the discount if you are given $1 off a $50 price tag...... simple math applies here: dividing the original price by the discount given is $1/$50, which is the same as $2/$100 i.e. the percentage discount is 2% (or $2 per $100)
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discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made