Aptitude - Discounts Online Quiz



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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.

Questions and Answers

Q 1 - If the true discount on sum due 3 years hence at 10% per annum be Rs. 180, the sum due is

A - Rs.600

B - Rs.450

C - Rs.300

D - Rs. 150

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:

A - 10%

B - 20%

C - 22%

D - 30%

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

A - Rs. 256

B - Rs. 125

C - Rs. 64

D - Rs. 32

Answer : A

Explanation

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

Q 4 - The banker's gain of a certain sum due 3 years hence at 20% per annum is Rs. 48. The present worth is:

A - Rs.100

B - Rs.96

C - Rs.103.33

D - Rs.133.33

Answer : D

Explanation

T.D. =(B.G*100)/( R*T)=48*100/( 20*3)=Rs. 80.
Present worth=( 100*TD)/R*T=( 100*80)/20*3=Rs.133.33

Q 5 - Find a single discount which is equivalent to three successive discounts of 15%, 16% & 20%.

A - 40.0%

B - 41.58%

C - 42.88%

D - 43.76%

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 genuine rebate on Rs 5125 due 6 months subsequently is Rs 125. The rate of interest per annum is:

A - 5%

B - 6%

C - 7%

D - 8%

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 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?

A - 5 months

B - 4 months

C - 1 year 3 months

D - 1 year 4 months

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 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:

A - an increase of Rs 210

B - a addition of Rs 50

C - an addition of Rs 60

D - lost Rs 30

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 - 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:

A - Rs 20

B - Rs 21.81

C - Rs 18.33

D - Rs 22

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?

A - Rs 9200

B - Rs 9600

C - Rs 9560

D - Rs 9025.20

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


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