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HomePracticeAptitudeTrue Discount MCQs

True Discount MCQs Questions

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Instructions
For each question, select the best answer from the options provided. You can view detailed explanations immediately after answering. Navigate through pages using the controls below.
Question 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:

Question 2

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

Question 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?

Question 4

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:

Question 5

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:

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