Discount MCQs
A watch is marked at Rs. 720. After a 10% discount, a further discount brings the final price to Rs. 550.80. What is the rate of the second discount?
- A. 12%
- B. 14%
- C. 15%
- D. 18%
A merchant tags his goods 20% above cost price but gives a 30% discount for cash. What is his overall loss or gain percent?
- A. 8% loss
- B. 10% loss
- C. 16% loss
- D. 20% loss
After offering a 20% discount on the marked price, a retailer still makes a 10% profit. If the marked price is Rs. 880, what was the cost price?
- A. Rs. 704
- B. Rs. 640
- C. Rs. 774
- D. Rs. 680
A man buys a cow for Rs. 3,000 and sells it for Rs. 3,600 on two-year credit. At 10% simple interest, does he make any gain or loss?
- A. 0% gain or loss
- B. 5% gain
- C. 7.5% gain
- D. 10% gain
The true discount on Rs. 2,562 due 4 months later is Rs. 122. What is the annual rate of interest?
- A. 12%
- B. 13%
- C. 15%
- D. 14%
Which is the better offer: Rs. 12,000 now or Rs. 12,880 after 8 months at 18% per annum simple interest?
- A. Rs. 12,000 now
- B. Rs. 12,880 later
- C. Both are equal
- D. Indeterminate
True discount on a bill of Rs. 110 for time t is Rs. 10. What is the true discount if the due date is doubled?
- A. Rs. 20
- B. Rs. 21.81
- C. Rs. 22
- D. Rs. 18.33
The true discount on a sum due in 9 months at 16% per annum is Rs. 189. What is the face value of the bill?
- A. Rs. 1,386
- B. Rs. 1,764
- C. Rs. 1,575
- D. Rs. 2,268
A watch is bought for Rs. 1,950 cash and sold for Rs. 2,200 on 1-year credit at 10% simple interest. What is the trader’s net gain or loss?
- A. Gains Rs. 55
- B. Gains Rs. 50
- C. Loses Rs. 30
- D. Gains Rs. 30
On Rs. 1,760 due after some time at 12% per annum, the true discount is Rs. 160. How long until it’s due?
- A. 6 months
- B. 8 months
- C. 9 months
- D. 10 months
If the true discount on Rs. 260 for time t is Rs. 20, what is the true discount for half that time at the same rate?
- A. Rs. 10
- B. Rs. 10.40
- C. Rs. 15.20
- D. Rs. 13
The simple interest on Rs. 750 for 2 years equals the true discount on Rs. 960 due in 2 years. What is the annual rate?
- A. 12%
- B. 14%
- C. 15%
- D. 16%
For a certain principal, the simple interest for a period is Rs. 85, and the true discount for the same time and rate is Rs. 80. What is the principal?
- A. Rs. 1,800
- B. Rs. 1,450
- C. Rs. 1,360
- D. Rs. 6,800
The present worth of Rs. 1,404 paid in two equal half-yearly installments at 8% per annum is:
- A. Rs. 1,325
- B. Rs. 1,300
- C. Rs. 1,350
- D. Rs. 1,500
If the true discount on a sum due in 2 years at 14% per annum is Rs. 168, what is the amount due?
- A. Rs. 768
- B. Rs. 968
- C. Rs. 1,960
- D. Rs. 2,400
A shopkeeper marks goods 10% above cost and allows a 10% discount. Does he make a profit or loss, and by how much?
- A. 1% gain
- B. 1% loss
- C. 5% gain
- D. No gain or loss