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Quantitative Aptitude > Discount

DISCOUNT COMBINED MCQs

Total Questions : 712 | Page 3 of 72 pages
Question 21.

  1. The true discount on Rs 2575 due 4 months hence is Rs 75. The rate per cent per annum is

  1.    8%
  2.    9%
  3.    10%
  4.    11%
 Discuss Question
Answer: Option B. -> 9%
Question 22.

  1. Rs 20 is the true discount on Rs 260 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?

  1.    Rs 10
  2.    Rs 10.40
  3.    Rs 10.80
  4.    Rs 12
 Discuss Question
Answer: Option B. -> Rs 10.40
Question 23.

  1. If Rs 10 be allowed as true discount on a bill of Rs 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is

  1.    Rs 18
  2.    Rs 18.33
  3.    Rs 21
  4.    Rs 21.55
 Discuss Question
Answer: Option B. -> Rs 18.33
Question 24.

  1. A owes B, Rs 1120 payable 2 years hence and B owes A, Rs 1081.50 payable 6 months hence. If they decide to settle their accounts forthwith by payment of ready money and the rate of interest be 6% per annum, then who should pay and how much?

  1.    A , Rs 50
  2.    B, Rs 50
  3.    A, Rs 70
  4.    B,Rs 70
 Discuss Question
Answer: Option B. -> B, Rs 50
Question 25.

  1. The true discount on a bill due 10 months hence at 6% per annum is Rs 26.25. The amount of the bill is

  1.    Rs 549.25
  2.    Rs 551.25
  3.    Rs 559.25
  4.    none of these
 Discuss Question
Answer: Option B. -> Rs 551.25
Question 26.

  1. A man buys a watch for Rs 195 in cash and sells it for Rs 220 at a credit of 1 year. If the rate of interest is 10% p.a. the man gains

  1.    Rs 5
  2.    Rs 10
  3.    Rs 15
  4.    Rs 20
 Discuss Question
Answer: Option A. -> Rs 5
Question 27.

  1. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs 25 and Rs 20 respectively. The sum is

  1.    Rs 100
  2.    Rs150
  3.    Rs 200
  4.    Rs 250
 Discuss Question
Answer: Option A. -> Rs 100
Question 28.

  1. If the true discount on a sum due 2 years hence at 5% per annum be Rs 75 then the sum due is

  1.    Rs 750
  2.    Rs 775
  3.    Rs 800
  4.    Rs 825
 Discuss Question
Answer: Option D. -> Rs 825
Question 29.

  1. True discount on a certain sum of money due 4 years hence is Rs 80 and the simple interest on the same sum for the same time and at the same rate is Rs 100. Determine the rate % p.a.

  1.    \(4\frac{1}{4}\)%
  2.    \(5\frac{1}{4}\)%
  3.    \(6\frac{1}{4}\)%
  4.    \(7\frac{1}{4}\)%
 Discuss Question
Answer: Option C. -> \(6\frac{1}{4}\)%
Question 30.

  1. What is the banker’s discount on a bill of Rs 1650 due 4 years hence at 8% p.a.?

  1.    Rs 524
  2.    Rs 528
  3.    Rs 532
  4.    Rs 536
 Discuss Question
Answer: Option B. -> Rs 528

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