Aptitude - True-Discount

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Aptitude :: True Discount

Ques1: A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600,
allowing he 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: Option A
Explanation:
C.P. = Rs. 3000.
3600 x 100
S.P. = Rs. = Rs. 3000.
100 + (10 x 2)
Gain = 0%.
Ques2: 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: Option C
Explanation:
P.W. = Rs. (2562 - 122) = Rs. 2440.
S.I. on Rs. 2440 for 4 months is Rs. 122.
100 x 122
Rate = 1 = 15%.
2440 x
3 %
Ques3: 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?
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
Answer: Option B
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Explanation:
= P.W. of Rs. 10028 due 9 months hence
Required money
10028 x 100
= Rs. 9
100 + 12 x
12
= Rs. 9200.
Ques4: 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
Answer: Option A
Explanation:
12880 x 100
P.W. of Rs. 12,880 due 8 months hence = Rs. 8
100 + 18 x
12
12880 x 100
= Rs.
112
= Rs. 11500.
Ques5: 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: Option D
Explanation:
S.I. on Rs. (110 - 10) for a certain time = Rs. 10.

S.I. on Rs. 100 for double the time = Rs. 20.
T.D. on Rs. 120 = Rs. (120 - 100) = Rs. 20.
20
T.D. on Rs. 110 = Rs. x 110 = Rs. 18.33
120

Ques6: 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: Option B
Explanation:
Let P.W. be Rs. x.
Then, S.I. on Rs. x at 16% for 9 months = Rs. 189.

9 1
x x 16 x x = 189 or x = 1575.
12 100
P.W. = Rs. 1575.
Sum due = P.W. + T.D. = Rs. (1575 + 189) = Rs. 1764.
Ques7: 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: Option B
Explanation:
S.P. = P.W. of Rs. 2200 due 1 year hence
2200 x 100
= Rs.
100 + (10 x 1)
= Rs. 2000.
Gain = Rs. (2000 - 1950) = Rs. 50.
Ques8: 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: Option D
Explanation:
P.W. = Rs. (1760 -160) = Rs. 1600.
S.I. on Rs. 1600 at 12% is Rs. 160.
100 x 160 5 5
Time = = years = x 12
1600 x 12 6 6 months = 10 months.
Ques9: The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15%
per annum, is:
A. Rs. 1750
B. Rs. 1680
C. Rs. 1840
D. Rs. 1443.75
Answer: Option B
Explanation:
100 x 2310
P.W. = Rs. 5 = Rs. 1680.
100 + 15 x
2
Ques10: 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: Option B
Explanation:
S.I. on Rs. 750 = T.D. on Rs. 960.
This means P.W. of Rs. 960 due 2 years hence is Rs. 750.
T.D. = Rs. (960 - 750) = Rs. 210.
Thus, S.I. on R.s 750 for 2 years is Rs. 210.

100 x 210
Rate = = 14%
750 x 2 %
Ques11: 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: Option B
Ques12: 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: Option C
Explanation:
S.I. x T.D. = 85 x 80 = Rs. 1360.

Sum =
(S.I.) - (T.D.) (85 - 80)
Ques13: 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: Option A
Explanation:
Required sum = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence
100 x 702
100 x 702
= Rs. +
100 + 8 x 100 + (8 x 1)

= Rs. (675 + 650)
= Rs. 1325.
Ques14: 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: Option A
Explanation:
100 x T.D. = 100 x 168 = 600.

P.W. =
RxT 14 x 2
Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.

Aptitude - True-Discount

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Aptitude :: True Discount

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A. Rs. 12,000 in cash

S.I. on Rs. (110 - 10) for a certain time = Rs. 10.

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Let P.W. be Rs. x.

Then, S.I. on Rs. x at 16% for 9 months = Rs. 189.

S.P. = P.W. of Rs. 2200 due 1 year hence

Gain = Rs. (2000 - 1950) = Rs. 50.

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S.I. x T.D. = 85 x 80 = Rs. 1360.

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= Rs. (675 + 650)

100 x T.D. = 100 x 168 = 600.

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