True Discount – Aptitude MCQ Questions – 01 Posted on July 9, 2020July 9, 2020 by admin Question 1Goods 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% Question 2The 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 Question 3A 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% Question 4The 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 Question 5A 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 Question 6A 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. Rs. 12,880 at credit C. Both are equally good C. Both are equally good Question 7 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 Question 8If 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 Question 9A 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 Question 10The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is: A. 12% B. 13% C. 15% D. 14%