Explore topic-wise MCQs in True Discount.

This section includes 90 Mcqs, each offering curated multiple-choice questions to sharpen your True Discount knowledge and support exam preparation. Choose a topic below to get started.

1.

The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.

A. rs.1175
B. rs.1375
C. rs.1475
D. rs.1575
Answer» C. rs.1475
2.

The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.

A. (6 + 2/3)%
B. (5+ 2/3)%
C. (2+ 2/3)%
D. (4+ 2/3)%
Answer» B. (5+ 2/3)%
3.

If Rs.20 is the True Discount on Rs260due after a certain time.What wil be true discount on the same sum due after half of the former time, the rate of interest being the same?

A. Rs.9.40
B. Rs.10.14
C. Rs.10.40
D. Rs.9.14
Answer» D. Rs.9.14
4.

The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.

A. 1500
B. 1600
C. 6200
D. 6000
Answer» E.
5.

A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?

A. 1200
B. 3000
C. 3600
D. 1300
Answer» D. 1300
6.

If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is ?

A. Rs.948
B. Rs.876
C. Rs.768
D. Rs.658
Answer» D. Rs.658
7.

The True discount on Rs1760 due after a certain time at 12% per annum is Rs160. The time after which it is due is?

A. 15months
B. 5months
C. 12months
D. 10months
Answer» E.
8.

The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is:

A. 12%
B. 14%
C. 15%
D. 16%
Answer» C. 15%
9.

The Present worth of Rs.2310 due 2 1/2 years hence ,the rate of interest being 15% per annum, is :

A. Rs.1440
B. Rs.1750
C. Rs.1680
D. Rs.1840
Answer» D. Rs.1840
10.

The banker s discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is

A. 3 months
B. 4 months
C. 5 months
D. 6 months
Answer» C. 5 months
11.

The true discount on a bill of Rs. 540 is Rs. 90. The banker s discount is

A. Rs. 60
B. Rs. 108
C. Rs. 110
D. Rs. 112
Answer» C. Rs. 110
12.

The banker s gain on a certain sum due 5/2 years hence is 9/25 of the banker s discount. What is the rate percent?

A. 18.08%
B. 18.03%
C. 24.08%
D. 22.08%
Answer» E.
13.

The banker s discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

A. Rs. 24
B. Rs. 12
C. Rs. 36
D. Rs. 18
Answer» E.
14.

Find the present worth of Rs.930 due 3 years hence at 8% per annum.Aso find the discount?

A. 186
B. 180
C. 185
D. 189
Answer» C. 185
15.

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

A. 1200
B. 1764
C. 1600
D. 1354
Answer» C. 1600
16.

The present worth of Rs.1404 due in two equal half-yearly instalments at 8% per annum. Simple interest is:

A. 1320
B. 1300
C. 1325
D. 1200
Answer» D. 1200
17.

The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs.490. At what price should the article be sold to make 25% profit?

A. 715
B. 469
C.
D. D.
Answer» E.
18.

The banker s discount of a certaih sum of money is Rs. 72 and cne true discount on the same sum for the same time is Rs. 60. The sum due is :

A. Rs. 360
B. Rs. 432
C. Rs. 540
D. Rs. 1080
Answer» B. Rs. 432
19.

The difference between Simple Interest and True Discount on a certain sum of money for 6 months at 12 1/2% per annum is Rs 25. Find the sum.

A. Rs.6800
B. Rs.6500
C. Rs.6000
D. Rs.6200
Answer» B. Rs.6500
20.

A man wants to sell his scooter .There are two offers one at Rs12000 cash and other at a credit of Rs12880 to be paid after 8 months ,money being at 18% per annum which is better offer?

A. Rs.12880
B. Rs.12000
C. Both are equally good
D.
Answer» C. Both are equally good
21.

The banker s gain of a certain sum due 2 years hence at 5% per annum is Rs. 80. The present worth is ?

A. Rs. 800
B. Rs. 1600
C. Rs. 1200
D. Rs. 880
Answer» B. Rs. 1600
22.

The banker s gain of a certain sum due 3 years hence at 10% per annum is Rs. 27. The present worth is:

A. Rs. 480
B. Rs. 520
C. Rs. 300
D. Rs. 960
Answer» D. Rs. 960
23.

The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker s discount ?

A. Rs . 62
B. Rs .52
C. Rs . 60
D. Rs . 75
Answer» B. Rs .52
24.

The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker s discount and the banker s gain.

A. 112
B. 121
C. 143
D. 134
Answer» C. 143
25.

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

A. Rs. 250
B. Rs. 700
C. Rs. 750
D. Rs. 550
Answer» D. Rs. 550
26.

The banker's discount on Rs.1600 at 15% per annum is the same as true discount on Rs.1680 for the same time and at the same rate. The time is?

A. 3 months
B. 4 months
C. 6 months
D. 8 months
Answer» C. 6 months
27.

If Rs.10 be allowed as true discount on a bill of Rs.110 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. 18.20
B. 18.33
C. 18
D. 18.30
Answer» C. 18
28.

How much does the sarees sales revenue of Uday increase, if Uday announces 25% discount on sarees and the saree sales volume increase by 40%?

A. 15% increase
B. 5% increase
C. -5% increase
D. There is no increase
Answer» C. -5% increase
29.

Sonali could not decide between discount of 30% or two successive discounts of 25% and 5%, both given on shopping of Rs. 2000. What is the difference between both the discounts?

A. Rs. 15
B. Rs. 25
C. Rs. 100
D. There is no difference
Answer» C. Rs. 100
30.

When payment is made online, discount offered is 10%. Additional discount of 5% is given to SBI credit card holders. Pratik buys a phone of Rs. 15000 by paying online and pays through his SBI credit card. How much does he need to pay?

A.
B. B.
C. C.
D. D.
Answer» C. C.
31.

After deducting a commission of 5%, a TV set costs Rs. 9595. Its marked price is

A. Rs. 10000
B. Rs. 10074.75
C. Rs. 10100
D. Rs. 12000
Answer» C. Rs. 10100
32.

George gets a discount of 30% and then 20% on his food bill of Rs. 1250. What is the total discount he got?

A. 44%
B. 55%
C. 52%
D. 25%
Answer» B. 55%
33.

Simran gets a discount of 25% on Rs. 3600 oven. Since she pays cash, she gets additional 2% discount too. How much does she pay?

A. Rs. 2864
B. Rs. 2468
C. Rs. 2548
D. Rs. 2646
Answer» E.
34.

There was 25% off on handbags. Madhu bought a handbag. She also got a 10% discount for paying cash. She paid Rs. 405. What as the price tag on the handbag?

A. Rs. 575
B.
C. C.
D. D.
Answer» E.
35.

Which of the following will yield maximum discount on Rs. 6896?

1) 2 successive discounts of 5% and 5%
2) Single discount of 10%
3) 2 successive discounts of 8% and 2%

A. 3
B. 2
C. 1
D. All will yield same discount
Answer» C. 1
36.

Raj got a new chair for 35% discount. Had Raj got no discount, Raj would have had to pay Rs. 224 more. How much did Raj pay for the chair?

A. Rs. 416
B. Rs. 640
C. Rs. 208
D. Rs. 224
Answer» B. Rs. 640
37.

Gurpreet went to a shop and bought a sofa. She got a 20% discount on it. Had she gotten 25% discount she would have saved Rs. 1000 more. How much did she pay for the sofa?

A. Rs. 5000
B. Rs. 10,000
C. Rs. 20,000
D. Rs. 25000
Answer» D. Rs. 25000
38.

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?

A. Rs. 10
B. Rs. 10.40
C. Rs. 15.20
D. Rs. 13
Answer» C. Rs. 15.20
39.

A Rs. 400 coat sells for how much after successive discounts of 10% and 5%?

A. Rs. 325
B. Rs. 342
C. Rs. 240
D. Rs. 357
Answer» C. Rs. 240
40.

How much percent must be added to the cost price of goods so that a profit of 20% must be made after throwing off a discount of 10% from the labeled price?

A. 35%
B. 40%
C. 30%
D. 33 1/3%
Answer» E.
41.

A company sells pens at a price of Rs. 100 per dozen, but gives a 15% discount on any order which exceeds 12 dozens. If a merchant wants to get three thousand pens, how much he will have to pay?

A. Rs. 17425
B. Rs. 20500
C. Rs. 21250
D. Rs. 23500
Answer» D. Rs. 23500
42.

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
Answer» E.
43.

The present worth of a sum due sometime hence is Rs.576 and the banker's gain is Rs.16. The true discount is?

A. 36
B. 72
C. 48
D. 96
Answer» E.
44.

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

A. 960
B. 840
C. 1020
D. 760
Answer» D. 760
45.

The present worth of a certain sum due sometime hence is Rs.1600 and the true discount is Rs.160. The banker's gain is?

A. 20
B.
C. C.
D. D.
Answer» D. D.
46.

The present worth of a certain bill due sometime hence is Rs.800 and true discount is Rs.36. The banker's discount is?

A. 37
B. 37.62
C. 34.38
D. 38.98
Answer» C. 34.38
47.

The true discount on a bill of Rs.540 is rs.90 . The banker's discount is?

A. 60
B. 108
C. 110
D. 112
Answer» C. 110
48.

The banker's discount on a bill due 4 months hence at 15% is Rs.420. The true discount is?

A. 400
B. 360
C. 480
D. 320
Answer» B. 360
49.

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs.24. The persent worth is?

A. 480
B. 520
C. 600
D. 960
Answer» D. 960
50.

The gain on abill due 1 year hence at 12% per annum is Rs.6. The true discount is?

A. 72
B. 36
C. 54
D. 50
Answer» E.