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Aptitude - True Discount

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You can easily solve all kind of Aptitude questions based on True Discount by practicing the objective type exercises given below, also get shortcut methods to solve Aptitude True Discount problems.

Home » Aptitude » True Discount » General Questions

Exercise :: True Discount - General Questions

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:

A. 0%
B. 5%
C. 7.5%
D. 10%

Answer: Option A

Explanation:

C.P. = Rs. 3000.

S.P. = Rs. 3600 x 100 = Rs. 3000.
100 + (10 x 2)

Gain = 0%.

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2. 

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

A. 12%
B.
13 1 %
3
C. 15%
D. 14%

Answer: Option C

Explanation:

P.W. = Rs. (2562 - 122) = Rs. 2440.

S.I. on Rs. 2440 for 4 months is Rs. 122.

Rate = 100 x 122 % = 15%.
2440 x 1
3

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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?

A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560

Answer: Option B

Explanation:

Required money = P.W. of Rs. 10028 due 9 months hence
= Rs. 10028 x 100
100 + 12 x 9
12
= Rs. 9200.
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4. 

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?

A. Rs. 12,000 in cash
B. s. 12,880 at credit
C. Both are equally good

Answer: Option A

Explanation:

P.W. of Rs. 12,880 due 8 months hence
= Rs. 12880 x 100
100 + 18 x 8
12
= Rs. 12880 x 100
112
= Rs. 11500.
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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:

A. Rs. 20
B. Rs. 21.81
C. Rs. 22
D. Rs. 18.33

Answer: Option D

Explanation:

S.I. on Rs. (110 - 10) for a certain time = Rs. 10.

S.I. on Rs. 100 for double the time = Rs. 20.

T.D. on Rs. 120 = Rs. (120 - 100) = Rs. 20.

T.D. on Rs. 110 = Rs. 20 x 110 = Rs. 18.33
120

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