The Banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is: Choose the correct choice from the following
A) 30
B) 40
C) 50
D) 60
E) None
Sol.   T.D. = B.G. * 100 / R * T = Rs.[6 * 100 / 12 * 1] = Rs.50   Answer 50
<result>C</result>
The Banker’s gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is: