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

Rs. 60
Rs. 150
Rs. 108
Rs. 110

Correct Answer: Rs. 108

Explanation:

P.W. = Rs. (540 - 90) = Rs. 450
S.I. on Rs. 450 = Rs. 90
B.D. = S.I. on Rs. 540
= Rs. (90/450) x 540 = Rs. 108

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