# 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 - If the true discount on sum due 3 years hence at 10% per annum be Rs. 180, the sum due is

### 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:

### 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:

### 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 - 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:

### 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?

### 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:

### 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:

### 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:

### 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