Banker discount - Quantitative Aptitude (MCQ) questions

Dear Readers, Welcome to Quantitative Aptitude Banker discount questions and answers with explanation. These Banker discount solved examples with shortcuts and tricks will help you learn and practice for your Placement Test and competitive exams like Bank PO, IBPS PO, SBI PO, RRB PO, RBI Assistant, LIC,SSC, MBA - MAT, XAT, CAT, NMAT, UPSC, NET etc.

After practicing these tricky Banker discount multiple choice questions, you will be exam ready to deal with any objective type questions.

1)   What is the true discount if a banker’s discount on a bill due 4 months hence is 420 at 15%?
- Published on 15 Jun 15

a. 400
b. 410
c. 390
d. 380
Answer  Explanation 


Using the formula:

True Discount = (Banker’s Discount * 100 * 100)+ Total Rate

=> True Discount = 420*100/100+15
= 400

Thus the true discount is Rs 100.