True Discount – Aptitude MCQ Questions – 02

Question 1
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. 16%

Question 2
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

Question 3
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

Question 4
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

Question 5
The equivalent single discount for two successive discounts of 15% and 10% is = ?

 A. 25% B. 20% C. 23.5% D. 20.85%

Question 6

A discount of  2*1/2%  is given to the customer on the marked price of an article. A man bought the article for Rs 39. The marked price of the article is = ?

 A. Rs. 42 B. Rs. 36.50 C. Rs. 40 D. Rs. 41.50

Question 7
A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How much profit or loss does he make, if any ?

 A. 1% gain B. 1% loss C. 5% gain D. No gain no loss

Question 8
A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?

 A. 8% B. 10% C. 16% D. 20%

Question 9
The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?

 A. 12% B. 14% C. 15% D. 18%

Question 10
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