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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 - 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:
Answer : D
Explanation
Sum =( S.I * T.D )/(S.I - T.D)=( 240 * 160 )/(240-160)=480
Q 2 - Rs. 40 is the true discount on Rs. 520 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?
Answer : C
Explanation
S.I. on Rs. (520 - 40) for a given time = Rs. 40. S.I. on Rs. 480 for half the time = Rs. 20. T.D. on Rs. 500 = Rs. 20 T.D. on Rs. 520 =Rs. ( 20/480 * 520)= Rs. 21.66
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 true discount on a bill of Rs. 360 is Rs. 60. The banker's discount is:
Answer : A
Explanation
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 - Find a single discount which is equivalent to three successive discounts of 15%, 16% & 20%.
Answer : C
Explanation
Successive discount is calculated as X+Y-XY/100 % Successive discount =15+16-15*16/100=31- 240/100=28.6 % Successive discount =28.6+20-28.6*20/100=48.6-5.72=42.88%
Q 6 - The present worth of Rs 2800 due 2 years henceforth at 6% p.a. is:
Answer : B
Explanation
P.W. = ((100*A))/(100+(R*T))- Rs {(100*2800)/(100+(6*2))}
=Rs ((100*2800)/112)=Rs 2500
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 - 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?
Answer : C
Explanation
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 - 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