# 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 certain bill due sometime hence is Rs. 1600 and the true discount is Rs. 40. The banker's discount is:

### Answer : A

### Explanation

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

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 - The difference between a discount of 20% on Rs. 1000 and two successive discounts of 16% and 4% on the same amount is

### Answer : B

### Explanation

First discount of 20% on 1000=Rs. 200 Second discount = (16% of 1000)+(4% of 84% of 1000) = (160) + ( 4/100 x 84/100 *1000) =Rs. 193.6 Difference=Rs. (200-193.6) =Rs.6.4.

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

### 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 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 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:

### 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?

### 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?

### 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