# True Discount – Aptitude MCQ Questions – 01

Question 1
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%

Question 2
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. Rs. 12,880 at credit C. Both are equally good C. Both are equally good

Question 3
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%

Question 4

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 5
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

Question 6
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

Question 7
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

Question 8
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

Question 9
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

Question 10
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

 A. 12% B. 13% C. 15% D. 14%