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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 - The true discount and the simple interest on a certain sum for a given time and at a given rate are Rs. 240 and Rs. 160 respectively. The sum is:

Sum =( S.I * T.D )/(S.I - T.D)=( 240 * 160 )/(240-160)=480

Q 2 - The true discount on a bill due 6 months hence at 8% per annum is Rs. 296. The amount of the bill is:

Let P.W. be Rs. X. Then, S.I. on Rs. X at 8% for 6 months = Rs. 296. X*8* (6/12) * (1/100) =296 X= (296*100)/4=7400 P.W. = Rs. 7400.

Q 3 - The present worth of a sum due sometime hence is Rs. 1024 and the banker's gain is Rs.64. The true discount is:

T.D. = √(P.W.x B.G.) =√(1024x64.) =Rs. 256

Q 4 - The true discount on a bill of Rs. 360 is Rs. 60. The banker's discount is:

P.W.=Rs.(360-60)=Rs.300 SI on Rs.300 =Rs.60 SI on Rs.360 =Rs. (60/300) * 360=Rs.72 B.D. = Rs.72

Q 5 - The difference between a discount of 20% on Rs. 1000 and two successive discounts of 16% and 4% on the same amount is

First discount of 20% on 1000=Rs. 200 Second discount = (16% of 1000)+(4% of 84% of 1000) = (160) + ( 4/100 x 84/100 *1000) =Rs. 193.6 Difference=Rs. (200-193.6) =Rs.6.4.

Q 6 - The genuine markdown on an aggregate due 3 years consequently at 8% p.a. is Rs 252. The total due is:

P.W. = (100*T.D.)/(R*T) = Rs ((100*252))/((8*3)) = Rs 1050 Sum due = (P.W.)+(T.D.) = Rs (1050+252) = Rs 1302

Q 7 - The straightforward hobby and the genuine rebate on a sure total due 6 months subsequently are Rs 25 and Rs 24 individually. The rate of interest per annum is:

((S.I.)*(T.D.))/((S.I.)-(T.D.))=Rs ((25*24))/((25-24))= Rs 600 S.I. on Rs 600 for 6 months is Rs 25 ∴ Rate = (100*125)/(600*6/12)% p.a. = 25/3% p.a.

Q 8 - A man acquired a look for Rs 1950 in real money and sold it for Rs 2160 at a credit of 1 year. On the off chance that the rate of hobby is 8% p.a., then the man has:

C.P. = Rs. 1950 S.P. = P.W. of Rs. 2160 due 1 year hence = Rs ((100*2160))/(100+(8*1)) = Rs 2000 in cash. ∴ Gain = Rs (2000-1950) = Rs 50

Q 9 - I purchased a bike for Rs 1056 in real money and sold it around the same time for Rs 1296 payable following 6 months. On the off chance that the rate of hobby is 12% p.a., what amount was my addition?

C.P. = Rs 1056 S.P. = P.W. of Rs 1296 due 6 months hence = Rs. (100*1296)/(100+(12*1/2) ) = Rs ((100*1296))/106= 1200 ∴ Profit = Rs (1200-1056) = Rs 144 Gain% = (144/1056*100)% = 13.6%

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:

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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