Question
What is the full form of MDR ?
Solution
Merchant Discount Rate is a charge or fee imposed on merchants by a bank for accepting payment from their customers in credit and debit cards every time a card is used for payment. According to recent RBI notification, from January 1 2018, small merchants (turnover upto Rs.20 lakh) will pay a maximum MDR of 0.40% of bill value and larger merchants (turnover greater than Rs.20 lakh) will pay 0.90%.
A shopkeeper sells a product for ₹720 at a profit of 20%. What was the cost price of the product?
At a certain time in a park, the number of heads and the number of legs of monkeys and human visitors were counted, and it was found that there were 54 ...
A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at a...
The cost of an item is 'A'. A shopkeeper increases the price by 'x'%, then applies a discount of 'd'% on the increased price. Aft...
The sum of first 'n' natural numbers is 465. Find 'n'.
Pipe ‘A’ and pipe ‘B’ can fill a cistern in 20 minutes and 15 minutes respectively. Pipe ‘C’ alone can empty the cistern in 12 minutes. If a...
Find the mode of the data: 2, 2, 3, 5, 15, 15, 15, 20, 21, 23, 25, 15, 23, 25.
The mean of the sample data = 60 and median = 48. Find the mode of this distribution.
If p:q = 5:7 and p + q = 408, then find the value of (q - p).
The current age of Anupama is 25% greater than Chinky's age. Four years ago, the ages of Beena and Chinky were in the ratio of 4:...
Relevant for Exams:
