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True Discount MCQs Online Exam Quiz

Important questions about True Discount MCQs. True Discount MCQs MCQ questions with answers. True Discount MCQs exam questions and answers for students and interviews.

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:

Options

A : 0%

B : 5%

C : 7.5%

D : 0%

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

Options

A : 12%

B : 13%

C : 15%

D : 15%

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?

Options

A : Rs. 9025.20

B : Rs. 9200

C : Rs. 9600

D : Rs. 9200

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?

Options

A : Rs. 12,000 in cash

B : Rs. 12,880 at credit

C : Both are equally good

D : Rs. 12,000 in cash

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

Options

A : Rs. 1386

B : Rs. 1764

C : Rs. 1575

D : Rs. 1764

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:

Options

A : 6 months

B : 8 months

C : 9 months

D : 10 months

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?

Options

A : Rs. 10

B : Rs. 10.40

C : Rs. 15.20

D : Rs. 10.40

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:

Options

A : 12%

B : 14%

C : 15%

D : 16%

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:

Options

A : Rs. 1800

B : Rs. 1450

C : Rs. 1360

D : Rs. 1360

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

Options

A : Rs. 1325

B : Rs. 1300

C : Rs. 1350

D : Rs. 1325

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

Options

A : Rs. 768

B : Rs. 968

C : Rs. 1960

D : Rs. 768

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?

Options

A : 715

B : 469

C : 400

D : 750

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:

Options

A : gains Rs. 55

B : gains Rs. 50

C : loses Rs. 30

D : gains Rs. 50

A man wants to sell his scooter .There are two offers one at Rs12000 cash and other at a credit of Rs12880 to be paid after 8 months ,money being at 18% per annum which is better offer?

Options

A : Rs.12880

B : Rs.12000

C : Both are equally good

D : Rs.12000

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

Options

A : 186

B : 180

C : 185

D : 180

A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bi

Options

A : 1200

B : 3000

C : 3600

D : 3600

If Rs.10 be allowed as true discount on a bill of Rs.110 at the end of a certain time , then the discount allowed on the same sum due at the end of double the time is

Options

A : 18.20

B : 18.33

C : 18

D : 18.33

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

Options

A : 1320

B : 1300

C : 1325

D : 1325

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.

Options

A : 1500

B : 1600

C : 6200

D : 6000

The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is:

Options

A : 12%

B : 14%

C : 15%

D : 14%

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