100 + Mcqs in True Discount in Aptitude Page 1 McqOptions

1.	The present worth of Rs. 2310 due 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
Answer» C. Rs. 1840

Discussion

2.	M owes N 3146 payable 1¹/₂ yr hence. Also, N owes M, 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much ?
A.	N should pay 100
B.	N should pay 50
C.	M should pay 100
D.	M should pay 50
E.	None of the above
Answer» B. N should pay 50

Discussion

3.	$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same.
A.	$ 10
B.	$ 10.40
C.	$ 15.20
D.	$ 13
Answer» C. $ 15.20

Discussion

4.	A fan is listed at $ 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to $ 1104?
A.	8 %
B.	10 %
C.	12 %
D.	15 %
Answer» B. 10 %

Discussion

5.	An article is marked 40 % above the cost price and a discount of 30 % is allowed. What is the gain or loss % ?
A.	10% gain
B.	5% gain
C.	2% loss
D.	12% loss
Answer» D. 12% loss

Discussion

6.	The true discount on a bill of $ 1260 is due for 6 months at 10 % per annum is:
A.	$ 60
B.	$ 160
C.	$ 80
D.	$ 260
Answer» B. $ 160

Discussion

7.	I want to sell my scooter. There are two offers, One at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 6¹/₄% per annum simple interest, which is the better offer ?
A.	Rs. 8100 in cash
B.	Rs. 8250 due 6 months hence
C.	Both are equally good
D.	Ca't be said
Answer» B. Rs. 8250 due 6 months hence

Discussion

8.	A company offers three types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?
A.	First offer
B.	Second offer
C.	Third offer
D.	Any one; all are equally good
Answer» D. Any one; all are equally good

Discussion

9.	The difference between a discount of 40% on $ 500 and two successive discounts of 36%, 4% on the same amount is :
A.	$ 0
B.	$ 2
C.	$ 1.93
D.	$ 7.20
Answer» E.

Discussion

10.	Successive discounts of 10 %, 20 % and 30 % is equivalent to a single discount of :
A.	60 %
B.	49.6 %
C.	40.5 %
D.	36 %
Answer» C. 40.5 %

Discussion

11.	A man buys a single apple for $ 25. If he were to buy a dozen apples, he would have to pay a total amount of $ 250. What would be the approximate % discount he would get on buying a dozen apples?
A.	32
B.	20
C.	12
D.	17
Answer» E.

Discussion

12.	If on a marked price, the difference of selling prices with a discount of 30 % and two successive discounts of 20 % and 10 % is $ 72, then the marked price (in rupees) is :
A.	3,600
B.	3,000
C.	2,500
D.	2,400
Answer» B. 3,000

Discussion

13.	The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 2¹/₂ years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ?
A.	10%, Rs. 1270
B.	8%, Rs. 1720
C.	16%, Rs. 1570
D.	18%, Rs. 1560
Answer» B. 8%, Rs. 1720

Discussion

14.	If the true discount on Rs. 161 due 2¹/ years hence be Rs. 21. At what rate per cent is the interest calculated ?
A.	6%
B.	4%
C.	8%
D.	12%
Answer» B. 4%

Discussion

15.	$ 21 is the true discount on $ 371 for a certain time at certain int. If the rate of interest is kept same, true discount on the same sum for double that time will be :
A.	$ 44.38
B.	$ 39.75
C.	$ 33.25
D.	None of these
Answer» C. $ 33.25

Discussion

16.	The present worth of $ 220.50 due in 2 years reckoning compound interest at 5 % is :
A.	$ 200
B.	$ 197.5
C.	$ 202
D.	$ 192.25
Answer» B. $ 197.5

Discussion

17.	A owes B Rs. 456.75 payable 4¹/₂ months hence and B owes A Rs. 455.51 payable 3 months hence. If they agree to settle their account by a ready money payment. What sum should be paid over and to whom reckoning the rate of true discount at 4 per cent per annum ?
A.	Re.1`,A
B.	Rs. 2,B
C.	Rs. 2,A
D.	Re. 1, B
Answer» B. Rs. 2,B

Discussion

18.	If the interest on Rs. 50 at 4¹/₂ be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due ?
A.	2 years
B.	4 years
C.	6 years
D.	3 years
Answer» C. 6 years

Discussion

19.	The true discount on a certain bill due for nine months at 4 % simple interest is 150. Find the amount of the bill.
A.	5150
B.	5250
C.	4750
D.	5650
E.	None of these
Answer» B. 5250

Discussion

20.	The present worth of a bill due in sometime is 1500. Find the banker s discount on the bill, if the true discount is 75.
A.	78.75
B.	77.75
C.	82.75
D.	76.75
E.	None of these
Answer» B. 77.75

Discussion

21.	What is the present worth of Rs. 272.61 due in 2 years 73 days at 7¹/₂ percent ?
A.	Rs. 334
B.	Rs. 254
C.	Rs. 234
D.	None of these
Answer» D. None of these

Discussion

22.	The true discount on a certain sum of money due after 2¹/₂ years at 6% per annum is less than the simple interest on the same sum for the same time by Rs. 81. Find the sum?
A.	Rs. 4140
B.	Rs. 4240
C.	Rs. 4150
D.	Rs. 4250
Answer» B. Rs. 4240

Discussion

23.	The True Discount on a certain sum of money due in 2 years is 1800 and the simple interest on the same amount is 2232. Find the sum.
A.	9300
B.	9350
C.	9450
D.	9400
E.	None of these
Answer» B. 9350

Discussion

24.	The difference between the simple interest and the true discount on a certain sum of money for 2 years at 15 % per annum at simple interest is 45. Find the sum.
A.	700
B.	650
C.	675
D.	625
E.	None of these
Answer» C. 675

Discussion

25.	If the simple interest on 2000 at 5 % p.a. is equal to the true discount on 2500 for the same time and at the same rate, the time is :
A.	5 Year
B.	None of these
Answer» C.

Discussion

26.	If 21 is the true discount on 371 for a certain time, what is the true discount on the same amount for double that time, the rate being the same in both the cases?
A.	39.00
B.	35.75
C.	40.00
D.	39.75
E.	None of these
Answer» E. None of these

Discussion

27.	If the true discount on $ 161 is due for 2 years and 6 months is $ 21, then find the rate of interest.
A.	5%
B.	6%
C.	None of these
Answer» E.

Discussion

28.	The True Discount on 936 is due after a certain time at 8 % is 36. The money is due after :
A.	6 Months
B.	3 Months
C.	1 Year
D.	9 Months
E.	None of these
Answer» B. 3 Months

Discussion

29.	The true discount on a bill of $ 2550 due after 3 months is $ 50. Find the banker s discount.
A.	$ 53
B.	$ 51
C.	$ 55
D.	$ 57
Answer» C. $ 55

Discussion

30.	The true discount on a bill of $ 5450 due in 9 months is $ 450. Find the rate of interest.
A.	12%
B.	12.5%
C.	11.5%
D.	13.1%
Answer» B. 12.5%

Discussion

31.	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

Discussion

32.	The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:
A.	12%
B.	14%
C.	15%
D.	<table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">16</td> <td class="ga-td-divident">2</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">3</td> </tr> </tbody></table>
E.
Answer» C. 15%

Discussion

33.	The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:
A.	Rs. 1800
B.	Rs. 1450
C.	Rs. 1360
D.	Rs. 6800
Answer» D. Rs. 6800

Discussion

34.	The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
A.	Rs. 1325
B.	Rs. 1300
C.	Rs. 1350
D.	Rs. 1500
Answer» B. Rs. 1300

Discussion

35.	If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
A.	Rs. 768
B.	Rs. 968
C.	Rs. 1960
D.	Rs. 2400
Answer» B. Rs. 968

Discussion

36.	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.	<table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">16</td> <td class="ga-td-divident">2</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">3</td> </tr> </tbody></table>
B.	<table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">14</td> <td class="ga-td-divident">1</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">2</td> </tr> </tbody></table>
C.	<table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">13</td> <td class="ga-td-divident">1</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">3</td> </tr> </tbody></table>
D.	15%
Answer» B. <table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">14</td> <td class="ga-td-divident">1</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">2</td> </tr> </tbody></table>

Discussion

37.	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.

Discussion

38.	The present worth of Rs. 2310 due 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
Answer» C. Rs. 1840

Discussion

39.	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
Answer» C. Rs. 9600

Discussion

40.	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%
Answer» B. 5%

Discussion

41.	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
Answer» C. Rs. 1575

Discussion

42.	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
Answer» C. loses Rs. 30

Discussion

43.	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
Answer» B. s. 12,880 at credit

Discussion

44.	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
Answer» E.

Discussion

45.	The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 2
A.	10%, Rs. 1270
B.	8%, Rs. 1720
C.	16%, Rs. 1570
D.	18%, Rs. 1560
Answer» B. 8%, Rs. 1720

Discussion

46.	If the true discount on Rs. 161 due 2
A.	6%
B.	4%
C.	8%
D.	12%
Answer» B. 4%

Discussion

47.	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
Answer» E.

Discussion

48.	Jagatram, a trader, owes a merchant. Mangalal 5014 due 1 yr hence. Jagatram wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should Jagatram pay ?
A.	9200
B.	5600`
C.	4600
D.	6600
E.	None of the above
Answer» D. 6600

Discussion

49.	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
Answer» E.

Discussion

50.	A owes B Rs. 456.75 payable 4
A.	Re.1`,A
B.	Rs. 2,B
C.	Rs. 2,A
D.	Re. 1, B
Answer» B. Rs. 2,B

Discussion

Explore topic-wise MCQs in Aptitude.

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

M owes N 3146 payable 11/2 yr hence. Also, N owes M, 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much ?

$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same.

A fan is listed at $ 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to $ 1104?

An article is marked 40 % above the cost price and a discount of 30 % is allowed. What is the gain or loss % ?

The true discount on a bill of $ 1260 is due for 6 months at 10 % per annum is:

I want to sell my scooter. There are two offers, One at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 61/4% per annum simple interest, which is the better offer ?

A company offers three types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?

The difference between a discount of 40% on $ 500 and two successive discounts of 36%, 4% on the same amount is :

Successive discounts of 10 %, 20 % and 30 % is equivalent to a single discount of :

A man buys a single apple for $ 25. If he were to buy a dozen apples, he would have to pay a total amount of $ 250. What would be the approximate % discount he would get on buying a dozen apples?

If on a marked price, the difference of selling prices with a discount of 30 % and two successive discounts of 20 % and 10 % is $ 72, then the marked price (in rupees) is :

The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 21/2 years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ?

If the true discount on Rs. 161 due 21/ years hence be Rs. 21. At what rate per cent is the interest calculated ?

$ 21 is the true discount on $ 371 for a certain time at certain int. If the rate of interest is kept same, true discount on the same sum for double that time will be :

The present worth of $ 220.50 due in 2 years reckoning compound interest at 5 % is :

A owes B Rs. 456.75 payable 41/2 months hence and B owes A Rs. 455.51 payable 3 months hence. If they agree to settle their account by a ready money payment. What sum should be paid over and to whom reckoning the rate of true discount at 4 per cent per annum ?

If the interest on Rs. 50 at 41/2 be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due ?

The true discount on a certain bill due for nine months at 4 % simple interest is 150. Find the amount of the bill.

The present worth of a bill due in sometime is 1500. Find the banker s discount on the bill, if the true discount is 75.

What is the present worth of Rs. 272.61 due in 2 years 73 days at 71/2 percent ?

The true discount on a certain sum of money due after 21/2 years at 6% per annum is less than the simple interest on the same sum for the same time by Rs. 81. Find the sum?

The True Discount on a certain sum of money due in 2 years is 1800 and the simple interest on the same amount is 2232. Find the sum.

The difference between the simple interest and the true discount on a certain sum of money for 2 years at 15 % per annum at simple interest is 45. Find the sum.

If the simple interest on 2000 at 5 % p.a. is equal to the true discount on 2500 for the same time and at the same rate, the time is :

If 21 is the true discount on 371 for a certain time, what is the true discount on the same amount for double that time, the rate being the same in both the cases?

If the true discount on $ 161 is due for 2 years and 6 months is $ 21, then find the rate of interest.

The True Discount on 936 is due after a certain time at 8 % is 36. The money is due after :

The true discount on a bill of $ 2550 due after 3 months is $ 50. Find the banker s discount.

The true discount on a bill of $ 5450 due in 9 months is $ 450. Find the rate of interest.

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?

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

The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:

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

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

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:

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:

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

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 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:

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

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 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?

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:

The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 2

If the true discount on Rs. 161 due 2

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 ?

Jagatram, a trader, owes a merchant. Mangalal 5014 due 1 yr hence. Jagatram wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should Jagatram pay ?

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 owes B Rs. 456.75 payable 4

M owes N 3146 payable 1¹/₂ yr hence. Also, N owes M, 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much ?

I want to sell my scooter. There are two offers, One at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 6¹/₄% per annum simple interest, which is the better offer ?

The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 2¹/₂ years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ?

If the true discount on Rs. 161 due 2¹/ years hence be Rs. 21. At what rate per cent is the interest calculated ?

A owes B Rs. 456.75 payable 4¹/₂ months hence and B owes A Rs. 455.51 payable 3 months hence. If they agree to settle their account by a ready money payment. What sum should be paid over and to whom reckoning the rate of true discount at 4 per cent per annum ?

If the interest on Rs. 50 at 4¹/₂ be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due ?

What is the present worth of Rs. 272.61 due in 2 years 73 days at 7¹/₂ percent ?

The true discount on a certain sum of money due after 2¹/₂ years at 6% per annum is less than the simple interest on the same sum for the same time by Rs. 81. Find the sum?