Maths MCQ on Discount - Examtime Quiz

The Following Section consists of Multiple Choice Questions on Discount.

Set 1
Set 2
Set 3
Set 4

Discount

Discount 2

Discount 3

Discount 4

Working on Discount problems and finding their solutions in mathematics can make you a good salesperson, a sensible customer, a reliable banker and many more. Moreover, these can also help crack a number of competitive exams in the higher levels. These questions on ExamTime Quiz are framed on MCQ pattern and are ideal for any competitive exam preparation.

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The Following Section consists of Multiple Choice Questions on Discount.

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1. Question

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:

2. Question

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

3. Question

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?

4. Question

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?

5. Question

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:

6. Question

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

7. Question

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:

8. Question

The present worth of Rs. 2310 due 2.5 years hence, the rate of interest being 15% per annum, is:

9. Question

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?

10. Question

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:

11. Question

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:

12. Question

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

13. Question

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

14. Question

The true discount on a bill due 10 months hence at 6% per annum is Rs. 26.25. The amount of the bill is:

15. Question

The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is:

16. Question

A man buys a watch for Rs. 195 in cash and sells is for Rs. 220 at a credit of 1 year. If the rate of interest is 10% the man:

17. Question

A owes B, Rs. 1120 payable 2 years hence and B owes A, Rs. 1081.50 payable 6 months hence. If they decide to settle their accounts forth with by payment of ready money and the rate of interest be 6% per annum, then who should pay and how much:

18. Question

A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:

19. Question

Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same due after half of the former time, the rate of interest being the same:

20. Question

A trader owes a merchant Rs. 901 due 1 year’s hence. However, the trader wants to settle the account after 3 months. How much cash should he pay, if rate of interest is 8% per annum:

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1. Question

If the true discount on a sum due 2 years hence at 5% per annum be Rs. 75, then the sum due is:

2. Question

The interest on Rs. 750 for 2 years is equal to the discount on Rs. 810 for the same time and at the same rate. The rate percent is:

3. Question

If the true discount on a sum due 2 years hence at 5% per annum be Rs. 75, then the sum due is:

4. Question

The true discount on Rs. 2575 due 4 months hence is Rs. 75. The rate percent is:

5. Question

A has to pay Rs. 220 to B after 1 year, B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. Counting, the rate of interest at 10% per annum in this new mode of payment:

6. Question

The true discount on Rs. 1860 due after a certain time at 5% is Rs. 60. The time after which it is due is:

7. Question

Goods were bought for Rs. 600 and sold the same day for Rs. 650.25 at a credit of 9 months and still there was a gain of 2%. The rate percent is:

8. Question

Sachin purchase 20 dozens of toys at the rate of 375 Rs per dozen. He sold each one of them at the rate of Rs 33. What was his percentage profit?

9. Question

A discount dealer professes to sell his goods at cost price but uses a weight of 960 gms for a kg weight. Find his gain %?

10. Question

The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs 490. At what price should the article be sold to make 25% profit?

11. Question

If a camera is purchased for Rs 490 and sold for Rs 465.50 find the loss%

12. Question

Find the present worth of Rs. 930 due 3 years hence at 8% per annum. Also find the discount.

13. Question

The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.

14. Question

The true discount on a certain sum of money due 3 years hence is RB. 250 and the simple interest on the same sum for the same time and at the same rate is Rs. 375. Find the sum and the rate percent.

15. Question

If the true discount on a sum due 3 years hence at 14% per annum be Rs. 168, the sum due is:

16. Question