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

A - Rs.600

B - Rs.450

C - Rs.300

D - Rs. 150

Answer : A

Explanation

Present worth=( 100*TD)/R*T=( 100 *180 )/10*3=Rs.600.

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 - A trader owes a merchant Rs. 5014 due 1 year hence. The trader wants to settle the account after 6 months. If the rate of interest 6% per annum, how much cash should he pay?

A - Rs.5050

B - Rs.3825.22

C - Rs.3325.25

D - Rs.4867.96

Answer : D

Explanation

Required money = present worth of Rs. 5014 due 6 months hence= Rs. 5014*100/( 100+(9*6/12))  
= Rs. 4867.96

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:

A - Rs. 150

B - Rs. 175.

C - Rs. 475

D - Rs. 500

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

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 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?

A - 5 months

B - 4 months

C - 1 year 3 months

D - 1 year 4 months

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 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?

A - Rs 12000 in real money

B - Rs 13500 payable following 8 months

C - both are just as great

D - None of the above

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 - 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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