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 - 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?

A - Rs. 19.66

B - Rs. 20.66

C - Rs. 21.66

D - Rs. 22.66

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 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 true discount on a bill of Rs. 360 is Rs. 60. The banker's discount is:

A - Rs.72

B - Rs.36

C - Rs.18

D - Rs.6

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?

A - Rs 25,760 at credit

B - Rs. 24,000 in cash

C - Both are equally good

D - Inadequate data

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 markdown on an aggregate due 8 months consequently at 6% p.a. is Rs 130. The total due is:

A - Rs 3120

B - Rs 3250

C - Rs 3380

D - None of these

Answer : C

Explanation

P.W. = Rs (100*130)/(6*8/12) = Rs 3250
Sum due = (P.W.) + (T.D.) = Rs (3250+130) = Rs 3380

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 - 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?

A - Rs 10

B - Rs 10.40

C - Rs 13

D - Rs 15.20

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?

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


aptitude_discounts.htm

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