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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 - A shopkeeper professes to sell all things at a discount of 20% ,but increases selling price of each article by 30% .His gain on each article is
Answer : B
Explanation
Let us assume cost price is 100.Then the marked price is 130 SP=130 * 80/100= 104. Profit % =(S.P-C.P)/(C.P) * 100=(104-100)/100 * 100 =4%
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 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 - The true discount on a bill of Rs. 360 is Rs. 60. The banker's discount is:
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 banker's discount on a sum of money for 2.5 years is Rs. 1125 and the true discount on the same sum for 2 years is Rs.800. The rate percent is:
Answer : A
Explanation
B.D. for 2.5(5/2) years = Rs. 1125. B.D. for 2 years = Rs. (1125*( 2)/5*2) =Rs. 900. T.D. for 2 years = Rs. 800. Sum =( B.D*T.D )/(B.D*-T.D)=Rs.( ( 900*800 )/(900-800))=Rs. 900*800/100=Rs. 7200 Thus, Rs. 900 is SI on Rs. 7200 for 2 years Rate = ( 100*900 )/7200*2=6.25%
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 straightforward hobby and the genuine rebate on a sure total due 6 months subsequently are Rs 25 and Rs 24 individually. The rate of interest per annum is:
Answer : D
Explanation
((S.I.)*(T.D.))/((S.I.)-(T.D.))=Rs ((25*24))/((25-24))= Rs 600 S.I. on Rs 600 for 6 months is Rs 25 ∴ Rate = (100*125)/(600*6/12)% p.a. = 25/3% p.a.
Q 8 - A man needs to offer his old bike. He has two clients. One of them needs to pay Rs 12000 in trade and the other out Rs 13500 payable following 8 months. On the off chance that the rate of hobby is 12% for every annum, which alternative is better for the dealer?
Answer : B
Explanation
Cash payment = Rs 12000 P.W. of Rs. 13500 payable after 8 months = Rs ((100*3500))/(100+(12*8/12) ) = Rs ((100*13500))/108=Rs 12500 ∴ Rs 13500 payable after 8 months is a better offer
Q 9 - In the event that Rs 20 be permitted as genuine rebate on a bill of Rs 260 due after at some point, what will be the genuine markdown on the same bill for half of the time?
Answer : B
Explanation
S.I. on Rs (260-20) for a fixed time = Rs 20 S.I. on Rs 240 for half the time = Rs 10 T.D. on Rs 250 = Rs 10 T.D. on Rs 260 = Rs (10/250*260) = Rs 10.40
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