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Mohan drew a bill on Gopal for Rs. 100000 for 3 months, proceeds are to be shared 1/22/2012 12:36:21 PM
Mohan drew a bill on Gopal for Rs. 100000 for 3 months, proceeds are to be shared equally. Mohan got the bill discounted at 12% p.a. and remits required proceeds to Gopal. The amount of such remittance will be
(a) Rs. 24,250 (b) Rs. 48,500 (c) Rs. 50,000 (d) Rs. 97,000
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