# 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 - 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:

### 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:

### 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:

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

### 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:

### 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 - 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:

### 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?

### 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