True Discount – Aptitude Questions and Answers | Online True Discount MCQ Aptitude Test
| Quiz Name | True Discount |
| Category | Online Aptitude Test |
| Number of Questions | 15 |
| Time | 30 Minutes |
| Exam Type | MCQ (Multiple Choice Questions) |
1. A guy bought a cow for Rs. 3000 and sold it for Rs. 3600 the next day, giving the buyer a two-year credit. If the rate of interest is 10% per year, the guy has made a profit of:
a. 0%
b. 5%
c. 7.5%
d. 10%
2. The real discount on a Rs. 2562 payment due in four months is Rs. 122. The percentage rate is:
a. 12%
b. 13 1/3%
c. 15%
d. 14%
3. A dealer owes a merchant Rs. 10,028 that is due in a year. After three months, the trader wishes to pay the account. How much cash should he pay if the interest rate is 12% per year?
a. Rs. 9025.20
b. Rs. 9200
c. Rs. 9600
d. Rs. 9560
4. A man wishes to dispose of his scooter. There are two offers: one for Rs. 12,000 in cash and the other for Rs. 12,880 in credit to be paid after 8 months at an interest rate of 18 percent per year. Which one is the better deal?
a. Rs. 12,000 in cash
b. Rs. 12,880 at credit
c. Both are equally good
d.
5. If a genuine discount of Rs. 10 is permitted on a bill of Rs. 110 due at the end of a period of time, the discount allowed on the same quantity due at the end of a period of time twice as long is:
a. Rs. 20
b. Rs. 21.81
c. Rs. 22
d. Rs. 18.33
6. Goods were purchased for Rs. 600 and sold for Rs. 688.50 on a 9-month credit, resulting in a 2 percent profit. The annual rate of interest is:
a. 16 2/3%
b. 14 1/2%
c. 13 1/3%
d. 15%
7. At a rate of 16 percent per year, the real discount on a debt due in 9 months is Rs. 189. The bill’s total amount is:
a. Rs. 1386
b. Rs. 1764
c. Rs. 1575
d. Rs. 2268
8. A guy purchases a watch for Rs. 1950 in cash and sells it for Rs. 2200 on a one-year credit. If the interest rate is ten percent per year, the man:
a. gains Rs. 55
b. gains Rs. 50
c. loses Rs. 30
d. gains Rs. 30
9. At a rate of 12% per year, the real discount on Rs. 1760 payable after a given period of time is Rs. 160. It is due at the following time:
a. 6 months
b. 8 months
c. 9 months
d. 10 months
10. The current value of Rs. 2310, which is due in two years and has a 15% annual interest rate, is:
a. Rs. 1750
b. Rs. 1680
c. Rs. 1840
d. Rs. 1443.75
11. The real reduction on the Rs. 260 owing after a specific period of time is Rs. 20. What will be the real discount on the same amount due in half the time, with the same rate of interest?
a. Rs. 10
b. Rs. 10.40
c. Rs. 15.20
d. Rs. 13
12.The real discount on Rs. 960 payable in 2 years is the same as the interest on Rs. 750 for 2 years. If the interest rate is the same in both situations, the answer is:
a. 12%
b. 14%
c. 15%
d. 16 2/3 %
13. For a given time and rate, the simple interest and actual discount on a given sum are Rs. 85 and Rs. 80, respectively. The total is:
a. Rs. 1800
b. Rs. 1450
c. Rs. 1360
d. Rs. 6800
14. The present value of Rs. 1404 payable in two equal half-yearly instalments at an annual simple interest rate of 8% is:
a. Rs. 1325
b. Rs. 1300
c. Rs. 1350
d. Rs. 1500
15. If the real discount on a payment due in two years is Rs. 168 at a rate of 14 percent each year, the amount due is:
a. Rs. 768
b. Rs. 968
c. Rs. 1960
d. Rs. 2400
