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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 - 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 - 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:

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 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 markdown on an aggregate due 8 months consequently at 6% p.a. is Rs 130. The total due is:

Answer : C

Explanation

P.W. = Rs (100*130)/(6*8/12) = Rs 3250
Sum due = (P.W.) + (T.D.) = Rs (3250+130) = Rs 3380

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 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 - 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

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