The Following Section consists of Multiple Choice Questions on Discount.
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Discount
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Question 1 of 20
1. Question
1 pointsA 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:
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Question 2 of 20
2. Question
1 pointsThe true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
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Question 3 of 20
3. Question
1 pointsA 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?
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Question 4 of 20
4. Question
1 pointsA 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?
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Question 5 of 20
5. Question
1 pointsIf 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:
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Question 6 of 20
6. Question
1 pointsThe true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
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Question 7 of 20
7. Question
1 pointsThe 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:
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Incorrect

Question 8 of 20
8. Question
1 pointsThe present worth of Rs. 2310 due 2.5 years hence, the rate of interest being 15% per annum, is:
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Incorrect

Question 9 of 20
9. Question
1 pointsRs. 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?
Correct
Incorrect

Question 10 of 20
10. Question
1 pointsThe 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:
Correct
Incorrect

Question 11 of 20
11. Question
1 pointsThe 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:
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Incorrect

Question 12 of 20
12. Question
1 pointsThe present worth of Rs. 1404 due in two equal halfyearly installments at 8% per annum simple interest is:
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Incorrect

Question 13 of 20
13. Question
1 pointsIf the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
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Question 14 of 20
14. Question
1 pointsThe true discount on a bill due 10 months hence at 6% per annum is Rs. 26.25. The amount of the bill is:
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Question 15 of 20
15. Question
1 pointsThe 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:
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Question 16 of 20
16. Question
1 pointsA 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:
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Question 17 of 20
17. Question
1 pointsA 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:
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Question 18 of 20
18. Question
1 pointsA 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:
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Incorrect

Question 19 of 20
19. Question
1 pointsRs. 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:
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Question 20 of 20
20. Question
1 pointsA trader owes a merchant Rs. 901 due 1 yearâ€™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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Question 1 of 20
1. Question
1 pointsIf the true discount on a sum due 2 years hence at 5% per annum be Rs. 75, then the sum due is:
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Question 2 of 20
2. Question
1 pointsThe 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:
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Question 3 of 20
3. Question
1 pointsIf the true discount on a sum due 2 years hence at 5% per annum be Rs. 75, then the sum due is:
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Question 4 of 20
4. Question
1 pointsThe true discount on Rs. 2575 due 4 months hence is Rs. 75. The rate percent is:
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Question 5 of 20
5. Question
1 pointsA 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:
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Question 6 of 20
6. Question
1 pointsThe true discount on Rs. 1860 due after a certain time at 5% is Rs. 60. The time after which it is due is:
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Question 7 of 20
7. Question
1 pointsGoods 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:
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Question 8 of 20
8. Question
1 pointsSachin 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?
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Question 9 of 20
9. Question
1 pointsA discount dealer professes to sell his goods at cost price but uses a weight of 960 gms for a kg weight. Find his gain %?
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Question 10 of 20
10. Question
1 pointsThe 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?
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Question 11 of 20
11. Question
1 pointsIf a camera is purchased for Rs 490 and sold for Rs 465.50 find the loss%
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Question 12 of 20
12. Question
1 pointsFind the present worth of Rs. 930 due 3 years hence at 8% per annum. Also find the discount.
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Question 13 of 20
13. Question
1 pointsThe 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.
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Question 14 of 20
14. Question
1 pointsThe 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.
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Question 15 of 20
15. Question
1 pointsIf the true discount on a sum due 3 years hence at 14% per annum be Rs. 168, the sum due is:
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Question 16 of 20
16. Question
1 pointsIf Rs. 10 be allowed as true discount on bill of Rs. 110 due at the end of a certain time, then the discount allowedon the same sum due at the end of double the time is:
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Question 17 of 20
17. Question
1 pointsRs.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?
Correct
Incorrect

Question 18 of 20
18. Question
1 pointsIf 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
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Incorrect

Question 19 of 20
19. Question
1 pointsA 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 interests is 10% per annum, the man
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Incorrect

Question 20 of 20
20. Question
1 pointsRs.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?
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Incorrect
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Question 1 of 20
1. Question
1 pointsA trader owens a merchant Rs.10,028 due 1` year hence. The trader wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should he pay?
Correct
Incorrect

Question 2 of 20
2. Question
1 pointsThe true discount on Rs.2562 due 4 months hence is Rs.122. The rate percent is
Correct
Incorrect

Question 3 of 20
3. Question
1 pointsThe present worth of Rs. 2310 due 2 1/2 years hence, the rate of interest being 15% per annum, is
Correct
Incorrect

Question 4 of 20
4. Question
1 pointsThe true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due iss
Correct
Incorrect

Question 5 of 20
5. Question
1 pointsFind the present worth of Rs. 930 due 3 years hence at 8% per annum. Also find the discount?
Correct
Incorrect

Question 6 of 20
6. Question
1 pointsA 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
Correct
Incorrect

Question 7 of 20
7. Question
1 pointsIf the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is
Correct
Incorrect

Question 8 of 20
8. Question
1 pointsThe true discount on a bill due 9 months hence at 12% per annum is Rs.540. Find the amount of the bill and its present worth.
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Incorrect

Question 9 of 20
9. Question
1 pointsThe true discount on a bill due 9 months hence at 16% per annum is Rs.189. The amount of the bill is
Correct
Incorrect

Question 10 of 20
10. Question
1 pointsA man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other at a credit of Rs.12,880 to be paid after 8 months, money being at 18% per annum. Which is the best offer?
Correct
Incorrect

Question 11 of 20
11. Question
1 pointsThe true discount on a certain sum of money due 3 years hence is Rs.250 and the simple interest on the same sum for the time and at the same rate is Rs.375. Find the sum?
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Incorrect

Question 12 of 20
12. Question
1 pointsThe 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
Correct
Incorrect

Question 13 of 20
13. Question
1 pointsRs. 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 ?
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Incorrect

Question 14 of 20
14. Question
1 pointsA 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. If the rate of interest be 10% per annum, in this mode of payment :
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Question 15 of 20
15. Question
1 pointsA owes B, Rs. 1573 payable 1(1/2) years hence. Also B owes A, Rs, 1444.50 payable 6 months hence. If they want to settle the account forthwith, keeping 14% as the rate of interest, then who should pay and how much ?
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Question 16 of 20
16. Question
1 pointsA 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 :
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Question 17 of 20
17. Question
1 pointsA 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 is 12% per annum, how much cash should he pay ?
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Incorrect

Question 18 of 20
18. Question
1 pointsGoods were bought for Rs. 600 and sold the same day for Rs. 688.50 at a credit of 9 months and thus gaining 2%, The rate of interest per annum is :
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Question 19 of 20
19. Question
1 pointsA man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer ?
Correct
Incorrect

Question 20 of 20
20. Question
1 pointsIf 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 :
Correct
Incorrect
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Question 1 of 20
1. Question
1 pointsThe 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 :
Correct
Incorrect

Question 2 of 20
2. Question
1 pointsThe 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 eases, it is :
Correct
Incorrect

Question 3 of 20
3. Question
1 pointsThe true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is :
Correct
Incorrect

Question 4 of 20
4. Question
1 pointsThe 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 :
Correct
Incorrect

Question 5 of 20
5. Question
1 pointsThe true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is :
Correct
Incorrect

Question 6 of 20
6. Question
1 pointsIf the true discount on a sum due 2 years hence at 14% per annum be Rs. 168, the sum due is :
Correct
Incorrect

Question 7 of 20
7. Question
1 pointsThe present worth of Rs. 2310 due 2(1/2) years hence, the rate of interest being 15% per annum, is :
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Incorrect

Question 8 of 20
8. Question
1 pointsA bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker’s gain.
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Question 9 of 20
9. Question
1 pointsIf the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker’s discount on the same sum for the same time and at the same rate?
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Question 10 of 20
10. Question
1 pointsThe banker’s discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872 for the same time at the same rate. Find the time.
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Question 11 of 20
11. Question
1 pointsThe banker’s discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.
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Question 12 of 20
12. Question
1 pointsThe present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker’s discount.
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Question 13 of 20
13. Question
1 pointsThe banker’s discount on Rs. 1650 due a certain time hence is Rs. 165. Find the banker’s gain.
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Question 14 of 20
14. Question
1 pointsWhat rate percent does a man get for his money when in discounting a bill due 10 months hence, he deducts 10% of the amount of the bill?
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Question 15 of 20
15. Question
1 pointsA man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?
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Question 16 of 20
16. Question
1 pointsThe present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker’s discount?
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Question 17 of 20
17. Question
1 pointsThe banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
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Question 18 of 20
18. Question
1 pointsThe banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker’s discount is:
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Question 19 of 20
19. Question
1 pointsThe banker’s discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
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Question 20 of 20
20. Question
1 pointsThe certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker’s gain is:
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Incorrect
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.