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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 - A shopkeeper professes to sell all things at a discount of 20% ,but increases selling price of each article by 30% .His gain on each article is
Answer : B
Explanation
Let us assume cost price is 100.Then the marked price is 130 SP=130 * 80/100= 104. Profit % =(S.P-C.P)/(C.P) * 100=(104-100)/100 * 100 =4%
Q 2 - The true discount on Rs. 3520 due after a certain time at 18% per annum is Rs. 320. The time after which it is due is:
Answer : C
Explanation
P.W. = Rs. (3520 -320) = Rs. 3200. S.I. on Rs. 3200 at 18% is Rs. 320. Time = ( 100*TD)/PW*R= ( 100*320)/3200*18= 5/9 years
Q 3 - The banker's gain on a bill due 3 year hence at 6% per annum is Rs. 18. The true discount is:
Answer : A
Explanation
T.D=(B.G * 100)/( R * T) = 18 * 100/( 6 * 3) = Rs. 100
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 - 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 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 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 - 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 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