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Discount MCQs

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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 =_______ ?

Option A: Rs. 704

Option B: Rs. 640

Option C: Rs. 774

Option D: Rs. 680

Correct Answer: Rs. 774 ✔


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2

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

Option A: 8%

Option B: 10%

Option C: 16%

Option D: 20%

Correct Answer: 16% ✔


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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 ?

Option A: 12%

Option B: 14%

Option C: 15%

Option D: 18%

Correct Answer: 15% ✔


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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 ?

Option A: 1% gain

Option B: 1% loss

Option C: 5% gain

Option D: No gain no loss

Correct Answer: 1% loss ✔


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5

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

Option A: Rs. 768

Option B: Rs. 968

Option C: Rs. 1960

Option D: Rs. 2400

Correct Answer: Rs. 768 ✔


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6

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

Option A: Rs. 1325

Option B: Rs. 1300

Option C: Rs. 1350

Option D: Rs. 1500

Correct Answer: Rs. 1325 ✔


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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:_______?

Option A: Rs. 1800

Option B: Rs. 1450

Option C: Rs. 1360

Option D: Rs. 6800

Correct Answer: Rs. 1360 ✔


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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:

Option A: 12%

Option B: 14%

Option C: 15%

Option D: 16%

Correct Answer: 14% ✔


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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?

Option A: Rs. 10

Option B: Rs. 10.40

Option C: Rs. 15.20

Option D: Rs. 13

Correct Answer: Rs. 10 ✔


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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:

Option A: 6 months

Option B: 8 months

Option C: 9 months

Option D: 10 months

Correct Answer: 10 months ✔


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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:

Option A: gains Rs. 55

Option B: gains Rs. 50

Option C: loses Rs. 30

Option D: gains Rs. 30

Correct Answer: gains Rs. 50 ✔


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12

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

Option A: Rs. 1386

Option B: Rs. 1764

Option C: Rs. 1575

Option D: Rs. 2268

Correct Answer: Rs. 1764 ✔


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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:

Option A: Rs. 20

Option B: Rs. 21.81

Option C: Rs. 22

Option D: Rs. 18.33

Correct Answer: Rs. 18.33 ✔


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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?

Option A: Rs. 12,000 in cash

Option B: Rs. 12,880 at credit

Option C: Both are equally good

Option D: Rs. 18.33

Correct Answer: Rs. 12,000 in cash ✔


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15

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

Option A: 12%

Option B: 13%

Option C: 15%

Option D: 14%

Correct Answer: 15% ✔


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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:

Option A: 0%

Option B: 5%

Option C: 7.5%

Option D: 10%

Correct Answer: 0% ✔


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