# Discount Mcqs - Set 1

1)   A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?

a. Rs. 704
b. Rs. 640
c. Rs. 774
d. Rs. 680
 Answer  Explanation ANSWER: Rs. 774 Explanation: No explanation is available for this question!

2)   A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?

a. 8%
b. 10%
c. 16%
d. 20%
 Answer  Explanation ANSWER: 16% Explanation: No explanation is available for this question!

3)   The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?

a. 12%
b. 14%
c. 15%
d. 18%
 Answer  Explanation ANSWER: 15% Explanation: No explanation is available for this question!

4)   A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How much profit or loss does he make, if any ?

a. 1% gain
b. 1% loss
c. 5% gain
d. No gain no loss
 Answer  Explanation ANSWER: 1% loss Explanation: No explanation is available for this question!

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

a. Rs. 768
b. Rs. 968
c. Rs. 1960
d. Rs. 2400
 Answer  Explanation ANSWER: Rs. 768 Explanation: No explanation is available for this question!

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

a. Rs. 1325
b. Rs. 1300
c. Rs. 1350
d. Rs. 1500
 Answer  Explanation ANSWER: Rs. 1325 Explanation: No explanation is available for this question!

7)   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:_______?

a. Rs. 1800
b. Rs. 1450
c. Rs. 1360
d. Rs. 6800
 Answer  Explanation ANSWER: Rs. 1360 Explanation: No explanation is available for this question!

8)   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:

a. 12%
b. 14%
c. 15%
d. 16%
 Answer  Explanation ANSWER: 14% Explanation: No explanation is available for this question!

9)   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?

a. Rs. 10
b. Rs. 10.40
c. Rs. 15.20
d. Rs. 13
 Answer  Explanation ANSWER: Rs. 10.40 Explanation: No explanation is available for this question!

10)   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:

a. 6 months
b. 8 months
c. 9 months
d. 10 months
 Answer  Explanation ANSWER: 10 months Explanation: No explanation is available for this question!

11)   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:

a. gains Rs. 55
b. gains Rs. 50
c. loses Rs. 30
d. gains Rs. 30
 Answer  Explanation ANSWER: gains Rs. 50 Explanation: No explanation is available for this question!

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

a. Rs. 1386
b. Rs. 1764
c. Rs. 1575
d. Rs. 2268
 Answer  Explanation ANSWER: Rs. 1764 Explanation: No explanation is available for this question!

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:

a. Rs. 20
b. Rs. 21.81
c. Rs. 22
d. Rs. 18.33
 Answer  Explanation ANSWER: Rs. 18.33 Explanation: No explanation is available for this question!

14)   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. Rs. 12,880 at credit
c. Both are equally good
d. Rs. 18.33
 Answer  Explanation ANSWER: Rs. 12,000 in cash Explanation: No explanation is available for this question!

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

a. 12%
b. 13%
c. 15%
d. 14%
 Answer  Explanation ANSWER: 15% Explanation: No explanation is available for this question!

16)   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  Explanation ANSWER: 0% Explanation: No explanation is available for this question!