If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time. Then the discount allowed on the same sum due at the end of double the time is?
Correct Answer: Rs. 18.33
Explanation:
S.I. on Rs. (110 - 10) for a given time = Rs. 10
S.I. on Rs. 100 for double the time = 20
Sum = Rs. (100 + 20) = Rs. 120
T.D. on Rs. 110 = Rs. (20 /120) x 110 = Rs. 18.33
