# 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 - The true discount and the simple interest on a certain sum for a given time and at a given rate are Rs. 240 and Rs. 160 respectively. The sum is:

### Answer : D

### Explanation

Sum =( S.I * T.D )/(S.I - T.D)=( 240 * 160 )/(240-160)=480

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 sum due sometime hence is Rs. 1024 and the banker's gain is Rs.64. The true discount is:

### 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:

### 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 - 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 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 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 - I purchased a bike for Rs 1056 in real money and sold it around the same time for Rs 1296 payable following 6 months. On the off chance that the rate of hobby is 12% p.a., what amount was my addition?

### Answer : C

### Explanation

C.P. = Rs 1056 S.P. = P.W. of Rs 1296 due 6 months hence = Rs. (100*1296)/(100+(12*1/2) ) = Rs ((100*1296))/106= 1200 ∴ Profit = Rs (1200-1056) = Rs 144 Gain% = (144/1056*100)% = 13.6%

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