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Arithmetic Ability
True Discount
Quiz 4
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Q.1
The equivalent single discount for two successive discounts of 15% and 10% is = ?
25%
20%
23.5%
20.85%
Q.2
Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:
$$16\frac{2}{3}$$%
$$14\frac{1}{2}$$%
$$13\frac{1}{3}$$%
15%
Q.3
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
Rs. 1386
Rs. 1764
Rs. 1575
Rs. 2268
Q.4
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:
0%
5%
7.5%
10%
Q.5
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
12%
13%
15%
14%
Q.6
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
Rs. 1325
Rs. 1300
Rs. 1350
Rs. 1500
Q.7
If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:
Rs. 768
Rs. 968
Rs. 1960
Rs. 2400
Q.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:
gains Rs. 55
gains Rs. 50
loses Rs. 30
gains Rs. 30
Q.9
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:
6 months
8 months
9 months
10 months
Q.10
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?
Rs. 9025.20
Rs. 9200
Rs. 9600
Rs. 9560
Q.11
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?
Rs. 12,000 in cash
Rs. 12,880 at credit
Both are equally good
Rs. 18.33
Q.12
The present worth of Rs. 2310 due $$2\frac{1}{2}$$ years hence, the rate of interest being 15% per annum, is:
Rs. 1750
Rs. 1680
Rs. 1840
Rs. 1443.75
Q.13
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:
Rs. 20
Rs. 21.81
Rs. 22
Rs. 18.33
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