Discount MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Discount, a fundamental topic in the field of Aptitude. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Discount MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Discount mcq questions that explore various aspects of Discount problems. Each MCQ is crafted to challenge your understanding of Discount principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Aptitude tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Discount MCQs are your pathway to success in mastering this essential Aptitude topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Discount. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Discount knowledge to the test? Let's get started with our carefully curated MCQs!

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Q1.
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:

a.

0%

b.

5%

c.

7.5%

d.

10%

Discuss
Answer: (a).0%
Q2.
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

a.

12%

b.

13(1/3)%

c.

15%

d.

14%

Discuss
Answer: (c).15%
Q3.
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?

a.

Rs. 9025.20

b.

Rs. 9200

c.

Rs. 9600

d.

Rs. 9560

Discuss
Answer: (b).Rs. 9200
Q4.
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?

a.

Rs. 12,000 in cash

b.

s. 12,880 at credit

c.

Both are equally good

d.

None of these

Discuss
Answer: (a).Rs. 12,000 in cash
Q5.
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:

a.

Rs. 20

b.

Rs. 21.81

c.

Rs. 22

d.

Rs. 18.33

Discuss
Answer: (d).Rs. 18.33
Q6.
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:

a.

16(2/3)%

b.

14(1/2)%

c.

13(1/3)%

d.

15%

Discuss
Answer: (a).16(2/3)%
Q7.
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

a.

Rs. 1386

b.

Rs. 1764

c.

Rs. 1575

d.

Rs. 2268

Discuss
Answer: (b).Rs. 1764
Q8.
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:

a.

gains Rs. 55

b.

gains Rs. 50

c.

loses Rs. 30

d.

gains Rs. 30

Discuss
Answer: (b).gains Rs. 50
Q9.
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:

a.

6 months

b.

8 months

c.

9 months

d.

10 months

Discuss
Answer: (d).10 months
Q10.
The present worth of Rs. 2310 due 2(1/2) years hence, the rate of interest being 15% per annum, is:

a.

Rs. 1750

b.

Rs. 1680

c.

Rs. 1840

d.

Rs. 1443.75

Discuss
Answer: (b).Rs. 1680
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