# 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 - If the true discount on sum due 3 years hence at 10% per annum be Rs. 180, the sum due is

### Answer : A

### Explanation

Present worth=( 100*TD)/R*T=( 100 *180 )/10*3=Rs.600.

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:

### Answer : A

### Explanation

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 certain bill due sometime hence is Rs. 1600 and the true discount is Rs. 40. The banker's discount is:

### Answer : A

### Explanation

(T.D.)^{2}= P.W. * B.G => B.G=(T.D.)^{2}/ P.W.=40^{2}/1600=1 =>B.D =T.D. + B.G. = 40+1 =41

Q 4 - Ramesh has to pay Rs. 440 to Suresh after 1 year. Suresh asks Ramesh to pay Rs. 220 in cash and defer the payment of Rs. 220 for 2 years. Ramesh agrees to it. If the rate of interest be 10% per annum, in this mode of payment:

### Answer : A

### Explanation

Ramesh has to pay = Present worth of Rs. 440 due 1 year hence =Rs. 440 * 100/( 100+(10*1))=Rs. 400. Ramesh actually pays = Rs. 220 + Present worth of Rs. 220 due 2 year hence =220+220*100/( 100+(10*2))=403.33 So Ramesh Loss = Rs. (400-403.33) = Rs. 3.33

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

### Answer : B

### Explanation

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 8 months consequently at 6% p.a. is Rs 130. The total due is:

### Answer : C

### Explanation

P.W. = Rs (100*130)/(6*8/12) = Rs 3250 Sum due = (P.W.) + (T.D.) = Rs (3250+130) = Rs 3380

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:

### Answer : D

### Explanation

((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 needs to offer his old bike. He has two clients. One of them needs to pay Rs 12000 in trade and the other out Rs 13500 payable following 8 months. On the off chance that the rate of hobby is 12% for every annum, which alternative is better for the dealer?

### Answer : B

### Explanation

Cash payment = Rs 12000 P.W. of Rs. 13500 payable after 8 months = Rs ((100*3500))/(100+(12*8/12) ) = Rs ((100*13500))/108=Rs 12500 ∴ Rs 13500 payable after 8 months is a better offer

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 - A businessperson needs to pay to a wholesaler a total of Rs 10028 following 1 year. He needs to pay the obligation following 3 months. On the off chance that the rate of hobby is 12% p.a., the amount he will need to pay?

### Answer : A

### Explanation

Payment to be made = P.W. of Rs. 10028 due 9 months hence = Rs ((100*10028))/(100+(12*3/4) )= Rs ((100*10028))/109= Rs 9200