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 a bill due 6 months hence at 8% per annum is Rs. 296. The amount of the bill is:

A - Rs. 7400

B - Rs. 3700

C - Rs. 1750

D - Rs. 925

Answer : A

Explanation

Let P.W. be Rs. X.
Then, S.I. on Rs. X at 8% for 6 months = Rs. 296.
X*8* (6/12) * (1/100) =296
X= (296*100)/4=7400
P.W. = Rs. 7400.

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:

A - 41

B - 50

C - 51

D - 41.6

Answer : A

Explanation

(T.D.)2 = P.W. * B.G
=>  B.G=(T.D.)2/
P.W.=402/1600=1
=>B.D =T.D. + B.G. 
= 40+1 
=41

Q 4 - Ramesh has to pay Rs. 440 to Suresh after 1 year. Suresh asks Ramesh to pay Rs. 220 in cash and defer the payment of Rs. 220 for 2 years. Ramesh agrees to it. If the rate of interest be 10% per annum, in this mode of payment:

A - Ramesh Loss Rs. 3.33

B - Ramesh Gain Rs. 3.33

C - Suresh Loss Rs. 22

D - Suresh Gain Rs. 22

Answer : A

Explanation

Ramesh has to pay = Present worth of Rs. 440 due 1 year hence =Rs.  440 * 100/( 100+(10*1))=Rs. 400.
Ramesh actually pays = Rs. 220 + Present worth of Rs. 220 due 2 year hence =220+220*100/( 100+(10*2))=403.33
 So Ramesh Loss = Rs. (400-403.33) = Rs. 3.33

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 present worth of Rs 2800 due 2 years henceforth at 6% p.a. is:

A - Rs 2464

B - Rs 2500

C - Rs 3360

D - Rs 3100

Answer : B

Explanation

P.W. = ((100*A))/(100+(R*T))- Rs {(100*2800)/(100+(6*2))}
=Rs ((100*2800)/112)=Rs 2500

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:

A - Rs 1360

B - Rs 1450

C - Rs 1800

D - Rs 6800

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:

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 - 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?

A - 11.1%

B - 12.25%

C - 13.6%

D - 22.7%

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 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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