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The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

108
115
100
120

Correct Answer: 108

Explanation:

P.W. = Rs. (540 - 90) = Rs. 450.

S.I. on Rs. 450 = Rs. 90.

S.I. on Rs. 540 = Rs.( 90 /450)x 540 = Rs. 108.

B.D. = Rs. 108.

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