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Aptitude - Discounts Online Quiz

Following quiz provides Multiple Choice Questions (MCQs) related to Discounts. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.

Q 1 - Find the single discount which is equivalent to successive discounts of 15% and 16%.

Answer : C

Explanation

Successive discount is calculated as X+Y-XY/100 %
Successive discount =15+16-15*16/100=31-240/100=28.6 %

Q 2 - The true discount on Rs. 3520 due after a certain time at 18% per annum is Rs. 320. The time after which it is due is:

Answer : C

Explanation

P.W. = Rs. (3520 -320) = Rs. 3200.
S.I. on Rs. 3200 at 18% is Rs. 320.
Time = ( 100*TD)/PW*R=  ( 100*320)/3200*18= 5/9 years

Q 3 - A trader owes a merchant Rs. 5014 due 1 year hence. The trader wants to settle the account after 6 months. If the rate of interest 6% per annum, how much cash should he pay?

Answer : D

Explanation

Required money = present worth of Rs. 5014 due 6 months hence= Rs. 5014*100/( 100+(9*6/12))  
= Rs. 4867.96

Q 4 - The banker's gain of a certain sum due 3 years hence at 20% per annum is Rs. 48. The present worth is:

Answer : D

Explanation

T.D. =(B.G*100)/( R*T)=48*100/( 20*3)=Rs. 80.
Present worth=( 100*TD)/R*T=( 100*80)/20*3=Rs.133.33

Q 5 - A man wants to sell his bike. There are two offers, one at Rs. 24,000 cash and the other a credit of Rs. 25,760 to be paid after 6 months, money being at 20% per annum. Which is the better offer?

A - Rs 25,760 at credit

B - Rs. 24,000 in cash

C - Both are equally good

D - Inadequate data

Answer : B

Explanation

Present worth of 25,760 due 6 months hence=25760*100/( 100+(20*6/12))=Rs. 23418
So he should take cash.

Q 6 - The genuine rebate on Rs 5125 due 6 months subsequently is Rs 125. The rate of interest per annum is:

Answer : A

Explanation

P.W. = Rs (5125-125) = Rs 5000
S.I. on Rs 5000 for 1/2 year is Rs 125
∴ R = (100*125)/(5000*1/2)% p.a. = 5% p.a.

Q 7 - The basic hobby and the true rebate on a sure aggregate for a given time and at a given rate are Rs 85 and Rs 80 separately. The entirety due is:

Answer : A

Explanation

Sum due = ((S.I.)*(T.D.))/((S.I.)-(T.D.))=Rs ((85*80))/((85-80))=((85*80))/5= Rs 1360

Q 8 - A man bought dairy animals for Rs 3000 in real money and sold it that day for Rs 3660 due 2 years consequently. In the event that the rate of hobby is 10% p.a., the man picks up:

Answer : D

Explanation

C.P. = Rs 3000
S.P. = P.W. of Rs 3660 due years hence
= Rs  ((100*3660))/(100+(10*2))=Rs ((100*3660))/120 = Rs 3050
∴ Gain% = (50/3000*100)% = 5/3%

Q 9 - On the off chance that Rs 10 be permitted as genuine rebate on a bill of Rs 110 due toward the end of a sure time, then the markdown permitted on the same total due toward the end of twofold the time is:

Answer : C

Explanation

S.I. on Rs (110-10) for a fixed time = Rs. 10
S.I. on Rs. 100 for double the time Rs. = 20
T.D. on Rs 120- Rs 20
T.D. on Rs 110 = Rs (20/120*100) = Rs 55/3 = Rs. 18.33

Q 10 - The basic enthusiasm on Rs 750 for a long time is equivalent to the genuine rebate on Rs 810 for the same time and at the same rate. The rate of interest per annum is:

Answer : A

Explanation

S.I. on Rs 750 for 2 years = T.D. on Rs 810 due 2 years hence
∴ P.W. of Rs. 810 due 2 years hence = Rs 750
∴ T.D. = Rs (810-750) = Rs 60
Rate = ((100*60)/(750*2))% p.a. = 4% p.a.

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