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 - 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:

A - 375

B - 400

C - 430

D - 480

Answer : D

Explanation

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

Q 2 - The true discount on Rs. 5124 due 2 months hence is Rs. 244. The rate percent is:

A - 10%

B - 20%

C - 22%

D - 30%

Answer : D

Explanation

Present worth = Rs. (5124 - 244) = Rs. 4880.
S.I. on Rs. 4880 for 2 months is Rs. 244.
R=( 100*TD)/PW*T=( 100*244)/(4880*(2/12)) =30%

Q 3 - The banker's gain on a bill due 3 year hence at 6% per annum is Rs. 18. The true discount is:

A - Rs.100

B - Rs.75

C - Rs.50

D - Rs.33.33

Answer : A

Explanation

T.D=(B.G * 100)/( R * T)
= 18 * 100/( 6 * 3)
= Rs. 100

Q 4 - The true discount on a bill of Rs. 360 is Rs. 60. The banker's discount is:

A - Rs.72

B - Rs.36

C - Rs.18

D - Rs.6

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

A - Rs.6

B - Rs.6.4

C - Rs.6.5

D - Rs. 6.75

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 markdown on an aggregate due 3 years consequently at 8% p.a. is Rs 252. The total due is:

A - Rs 798

B - Rs 1050

C - Rs 1302

D - None of these

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:

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 - On the off chance that Rs 10 be permitted as genuine rebate on a bill of Rs 110 due toward the end of a sure time, then the markdown permitted on the same total due toward the end of twofold the time is:

A - Rs 20

B - Rs 21.81

C - Rs 18.33

D - Rs 22

Answer : C

Explanation

S.I. on Rs (110-10) for a fixed time = Rs. 10
S.I. on Rs. 100 for double the time Rs. = 20
T.D. on Rs 120- Rs 20
T.D. on Rs 110 = Rs (20/120*100) = Rs 55/3 = Rs. 18.33

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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