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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 - Find the single discount which is equivalent to successive discounts of 15% and 16%.
Answer : C
Explanation
Successive discount is calculated as X+Y-XY/100 % Successive discount =15+16-15*16/100=31-240/100=28.6 %
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:
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 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 - 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 genuine rebate on Rs 5125 due 6 months subsequently is Rs 125. The rate of interest per annum is:
Answer : A
Explanation
P.W. = Rs (5125-125) = Rs 5000 S.I. on Rs 5000 for 1/2 year is Rs 125 ∴ R = (100*125)/(5000*1/2)% p.a. = 5% p.a.
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 - 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