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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 - 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?
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 - 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 - A man wants to sell his bike. There are two offers, one at Rs. 24,000 cash and the other a credit of Rs. 25,760 to be paid after 6 months, money being at 20% per annum. Which is the better offer?
Answer : B
Explanation
Present worth of 25,760 due 6 months hence=25760*100/( 100+(20*6/12))=Rs. 23418 So he should take cash.
Q 6 - The present worth of Rs 2800 due 2 years henceforth at 6% p.a. is:
Answer : B
Explanation
P.W. = ((100*A))/(100+(R*T))- Rs {(100*2800)/(100+(6*2))}
=Rs ((100*2800)/112)=Rs 2500
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 bought dairy animals for Rs 3000 in real money and sold it that day for Rs 3660 due 2 years consequently. In the event that the rate of hobby is 10% p.a., the man picks up:
Answer : D
Explanation
C.P. = Rs 3000 S.P. = P.W. of Rs 3660 due years hence = Rs ((100*3660))/(100+(10*2))=Rs ((100*3660))/120 = Rs 3050 ∴ Gain% = (50/3000*100)% = 5/3%
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 needs to pay Rs 1573 to B following 11/2 years and B needs to pay Rs 1444.50 to A following 6 months. In the event that the rate of hobby is 14% for each annum and both need to settle the record at this time, who will pay to the next and what amount?
Answer : D
Explanation
P.W. of loan on A = Rs ((100*1573))/(100+(14*2/3) )= Rs ((100*1573))/121= Rs 1300 P.W. of loan on B = Rs ((100*1444.50))/(100+(14*1/2) )= Rs ((144450))/103= Rs 1350 So, B will pay Rs. 50