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Quantitative Aptitude > Discount

DISCOUNT COMBINED MCQs

Total Questions : 712 | Page 69 of 72 pages
Question 681.


The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

  1.    Rs. 960
  2.    Rs. 840
  3.    Rs. 1020
  4.    Rs. 760
 Discuss Question
Answer: Option C. -> Rs. 1020


T.D. =
The Banker's Gain On A Sum Due 3 Years Hence At 12% Per Annu...
B.G. x 100
The Banker's Gain On A Sum Due 3 Years Hence At 12% Per Annu...
= Rs.
The Banker's Gain On A Sum Due 3 Years Hence At 12% Per Annu...
270 x 100
The Banker's Gain On A Sum Due 3 Years Hence At 12% Per Annu...
= Rs. 750.
R x T
12 x 3


The Banker's Gain On A Sum Due 3 Years Hence At 12% Per Annu... B.D. = Rs.(750 + 270) = Rs. 1020.


Question 682.

Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

  1.     16 2 % 3
  2.     14 1 % 2
  3.     13 1 % 3
  4.    15%
 Discuss Question
Answer: Option A. -> 16 2 % 3


S.P. = 102% of Rs. 600 =
Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688....
102
x 600
Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688....
= Rs. 612.
100


Now, P.W. = Rs. 612 and sum = Rs. 688.50.


Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688.... T.D. = Rs. (688.50 - 612) = Rs. 76.50.


Thus, S.I. on Rs. 612 for 9 months is Rs. 76.50.



Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688.... Rate =
Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688....
100 x 76.50
Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688....%
= 16Goods Were Bought For Rs. 600 And Sold The Same For Rs. 688....%
612 x
3
4

Question 683.


The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

  1.    6 months
  2.    8 months
  3.    9 months
  4.    10 months
 Discuss Question
Answer: Option D. -> 10 months

P.W. = Rs. (1760 -160) = Rs. 1600.


The True Discount On Rs. 1760 Due After A Certain Time At 12... S.I. on Rs. 1600 at 12% is Rs. 160.



The True Discount On Rs. 1760 Due After A Certain Time At 12... Time =
The True Discount On Rs. 1760 Due After A Certain Time At 12...
100 x 160
The True Discount On Rs. 1760 Due After A Certain Time At 12...
=
5
years =
The True Discount On Rs. 1760 Due After A Certain Time At 12...
5
x 12
The True Discount On Rs. 1760 Due After A Certain Time At 12...months = 10 months.
1600 x 12
6
6


Question 684.

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

  1.    gains Rs. 55
  2.    gains Rs. 50
  3.    loses Rs. 30
  4.    gains Rs. 30
 Discuss Question
Answer: Option B. -> gains Rs. 50


S.P.
= P.W. of Rs. 2200 due 1 year hence
= Rs.
A Man Buys A Watch For Rs. 1950 In Cash And Sells It For Rs....
2200 x 100
A Man Buys A Watch For Rs. 1950 In Cash And Sells It For Rs....
100 + (10 x 1)
= Rs. 2000.


A Man Buys A Watch For Rs. 1950 In Cash And Sells It For Rs.... Gain = Rs. (2000 - 1950) = Rs. 50.

Question 685.

The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

  1.    Rs. 1386
  2.    Rs. 1764
  3.    Rs. 1575
  4.    Rs. 2268
 Discuss Question
Answer: Option B. -> Rs. 1764

Let P.W. be Rs. x.


Then, S.I. on Rs. x at 16% for 9 months = Rs. 189.



The True Discount On A Bill Due 9 Months Hence At 16% Per An... x x 16 x
9
x
1
= 189 or x = 1575.
12
100


The True Discount On A Bill Due 9 Months Hence At 16% Per An... P.W. = Rs. 1575.


The True Discount On A Bill Due 9 Months Hence At 16% Per An... Sum due = P.W. + T.D. = Rs. (1575 + 189) = Rs. 1764.

Question 686.


The present worth of Rs. 2310 due 2The Present Worth Of Rs. 2310 Due 2 Years Hence, The Rate Of... years hence, the rate of interest being 15% per annum, is:

  1.    Rs. 1750
  2.    Rs. 1680
  3.    Rs. 1840
  4.    Rs. 1443.75
 Discuss Question
Answer: Option B. -> Rs. 1680


P.W. = Rs.
The Present Worth Of Rs. 2310 Due 2 Years Hence, The Rate Of...
100 x 2310
The Present Worth Of Rs. 2310 Due 2 Years Hence, The Rate Of...
= Rs. 1680.
100 +
The Present Worth Of Rs. 2310 Due 2 Years Hence, The Rate Of...
15 x
5
The Present Worth Of Rs. 2310 Due 2 Years Hence, The Rate Of...
2


Question 687.


A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

  1.    0%
  2.    5%
  3.    7.5%
  4.    10%
 Discuss Question
Answer: Option A. -> 0%

C.P. = Rs. 3000.



S.P. = Rs.
A Man Purchased A Cow For Rs. 3000 And Sold It The Same Day ...
3600 x 100
A Man Purchased A Cow For Rs. 3000 And Sold It The Same Day ...
= Rs. 3000.
100 + (10 x 2)


Gain = 0%.


Question 688.


A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

  1.    Rs. 12,000 in cash
  2.    s. 12,880 at credit
  3.    Both are equally good
 Discuss Question
Answer: Option A. -> Rs. 12,000 in cash

P.W. of Rs. 12,880 due 8 months hence
= Rs.
A Man Wants To Sell His Scooter. There Are Two Offers, One A...
12880 x 100
A Man Wants To Sell His Scooter. There Are Two Offers, One A...
100 +
A Man Wants To Sell His Scooter. There Are Two Offers, One A...
18 x
8
A Man Wants To Sell His Scooter. There Are Two Offers, One A...
12
= Rs.
A Man Wants To Sell His Scooter. There Are Two Offers, One A...
12880 x 100
A Man Wants To Sell His Scooter. There Are Two Offers, One A...
112
= Rs. 11500.
Question 689.


The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

  1.    12%
  2.     13 1 % 3
  3.    15%
  4.    14%
 Discuss Question
Answer: Option C. -> 15%

P.W. = Rs. (2562 - 122) = Rs. 2440.


The True Discount On Rs. 2562 Due 4 Months Hence Is Rs. 122.... S.I. on Rs. 2440 for 4 months is Rs. 122.



The True Discount On Rs. 2562 Due 4 Months Hence Is Rs. 122.... Rate =
The True Discount On Rs. 2562 Due 4 Months Hence Is Rs. 122....
100 x 122
The True Discount On Rs. 2562 Due 4 Months Hence Is Rs. 122....%
= 15%.
2440 x
1
3


Question 690.


A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?

  1.    Rs. 9025.20
  2.    Rs. 9200
  3.    Rs. 9600
  4.    Rs. 9560
 Discuss Question
Answer: Option B. -> Rs. 9200

Required money
= P.W. of Rs. 10028 due 9 months hence
= Rs.
A Trader Owes A Merchant Rs. 10,028 Due 1 Year Hence. The Tr...
10028 x 100
A Trader Owes A Merchant Rs. 10,028 Due 1 Year Hence. The Tr...
100 +
A Trader Owes A Merchant Rs. 10,028 Due 1 Year Hence. The Tr...
12 x
9
A Trader Owes A Merchant Rs. 10,028 Due 1 Year Hence. The Tr...
12
= Rs. 9200.

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