Top 20 True Discount Aptitude Problems

 

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   1. 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:

1. A. 0%       👈Correct Answer

2. B. 5%      

3. C. 7.5%      

4. D. 10% 

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   2. If the true discount on Rs.4510 due 6 months hence is Rs.110, the rate of interest is:

1. A. 5%       👈Correct Answer

2. B. 10%      

3. C. 4%      

4. D. 8%      

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   3. 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?

1. A. Rs. 9025.20     

2. B. Rs. 9200        👈Correct Answer

3. C. Rs. 9600      

4. D. Rs. 9560     

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   4. If simple interest and true discount on a certain amount for the same time period and same rate of interest is Rs.130 and Rs.120 respectively, then find the value of the amount.

1. A. 1300     

2. B. 1200      

3. C. 1560        👈Correct Answer

4. D. 1440  

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   5. 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:

1. A. Rs. 20     

2. B. Rs. 21.81      

3. C. Rs. 22      

4. D. Rs. 18.33        👈Correct Answer

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   6. A man owes a lender Rs.20502 due 1 year hence. If the man wants to settle the account after 8 months and the rate of interest being 6% per annum, find the amount the man should pay to the lender.

1. A. 20000     

2. B. 20100        👈Correct Answer

3. E. None of these 

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

1. A. Rs. 1386     

2. B. Rs. 1764        👈Correct Answer

3. C. Rs. 1575      

4. D. Rs. 2268  

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   8. 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:

1. A. gains Rs. 55     

2. B. gains Rs. 50        👈Correct Answer

3. C. loses Rs. 30      

4. D. gains Rs. 30 

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   9. A man purchased a bicycle for Rs.4800 and sold it immediately at Rs.5995, allowing the buyer a credit of one and a half years. If the rate of interest is 6%, then the man gains:

1. A. Rs.700       👈Correct Answer

2. B. Rs.700      

3. C. Rs.495      

4. D. Rs.900    

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    10. Gopal has to pay Rs.440 to Ajay after 1 year. Ajay asks Gopal to pay Rs.220 in cash and defer the payment of Rs.220 for 2 years. If the rate of interest is 10% per annum, in this mode of payment:

1. A. Gopal gains Rs.3.33     

2. B. Ajay gains Rs.3.33        👈Correct Answer

3. C. Ajay loses Rs.16.67      

4. D. Gopal loses Rs.16.67 

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

1. A. Rs. 1325      👈Correct Answer

2. B. Rs. 1300      

3. C. Rs. 1350      

4. D. Rs. 1500 

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    12. 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:

1. A. 1360       👈Correct Answer

2. B. 1450      

3. C. 1600      

4. D. 1800