# 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 Rs. 5124 due 2 months hence is Rs. 244. The rate percent is:

### Answer : D

### Explanation

Present worth = Rs. (5124 - 244) = Rs. 4880. S.I. on Rs. 4880 for 2 months is Rs. 244. R=( 100*TD)/PW*T=( 100*244)/(4880*(2/12)) =30%

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 - A man buys a watch for Rs. 2825 in cash and sells it for Rs. 3300 at a credit of 1 year. If the rate of interest is 15% per annum, the man:

### Answer : B

### Explanation

S.P. = P.W. of Rs. 3300 due 1 year hence = 3300*100/( 100+(10*1))=Rs.3000 So Gain = Rs. (3000-2825) =Rs. 175.

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 3 years consequently at 8% p.a. is Rs 252. The total due is:

### Answer : C

### Explanation

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 genuine rebate on Rs 2580 due after some time at 6% p.a. is Rs 180. After what amount of time is the aggregate due?

### Answer : C

### Explanation

P.W. = Rs (2580-180) = Rs. 2400 S.I. on Rs 2400 at 6% p.a. is Rs. 180 ∴ Time = ((100*180))/((2400*6)) years =5/4 years = 1 year 3 months.

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