# 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 - 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 - 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 - 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 - 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?

### 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 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:

### Answer : B

### Explanation

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 - In the event that Rs 20 be permitted as genuine rebate on a bill of Rs 260 due after at some point, what will be the genuine markdown on the same bill for half of the time?

### Answer : B

### Explanation

S.I. on Rs (260-20) for a fixed time = Rs 20 S.I. on Rs 240 for half the time = Rs 10 T.D. on Rs 250 = Rs 10 T.D. on Rs 260 = Rs (10/250*260) = Rs 10.40

Q 10 - A needs to pay Rs 1573 to B following 11/2 years and B needs to pay Rs 1444.50 to A following 6 months. In the event that the rate of hobby is 14% for each annum and both need to settle the record at this time, who will pay to the next and what amount?

### Answer : D

### Explanation

P.W. of loan on A = Rs ((100*1573))/(100+(14*2/3) )= Rs ((100*1573))/121= Rs 1300 P.W. of loan on B = Rs ((100*1444.50))/(100+(14*1/2) )= Rs ((144450))/103= Rs 1350 So, B will pay Rs. 50