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- Question
- The holder of a bill for ?17850 nominally due on May 21, 1991 received ?357 less than the amount of the bill by having it discounted at 5 %. When was it discounted?
Options- A. Dec 29, 1990
- B. Dec 30, 1989
- C. Dec 19, 1990
- D. Dec 20, 1995
- Correct Answer
- Dec 29, 1990
Explanation
- 1. At a given rate, the simple interest and the true discount on a certain sum, for a given time, are ?24 and ?22, respectively. The sum is :
Options- A. ?264
- B. ?220
- C. ?288
- D. ?295 Discuss
- 2. A man bought a motor-cycle for ?32500. He sold it for ?35000, allowing the buyer for a 6 months credit. If the money be worth 4 % per annum, the gain percent is :
Options- A. 8 1 % 7
- B. 7 9 % 13
- C. 7 5 % 13
- D. 8 2 % 5 Discuss
- 3. A banker discounts a 4 months bill at 3 %. If the proceeds be invested in a manner, so that nothing is lost, the interest rate should be :
Options- A. 3%
- B. 4%
- C. 3 1 % 33
- D. 3 1 % 36 Discuss
- 4. The present worth of a sum of money due for 146 days at 5 % is ?400. The sum due is :
Options- A. ?410
- B. ?408
- C. ?415
- D. ?450 Discuss
- 5. The present worth of a bill of ?1764 due for 2 years at 5 % compound interest is :
Options- A. ?1650
- B. ?1700
- C. ?1600
- D. ?1714 Discuss
- 6. If $ 10 be allowed as true discount on a bill of $ 110 due at the end of certain time, then the discount allowed on the same amount due at the end of double the time is :
Options- A. $ 20
- B. $ 21.81
- C. $ 22
- D. $ 18.33 Discuss
- 7. If on a marked price, the difference of selling prices with a discount of 30 % and two successive discounts of 20 % and 10 % is ? 72, then the marked price (in ?) is
Options- A. ? 3600
- B. ? 3000
- C. ? 2500
- D. ? 2400 Discuss
- 8. A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is
Options- A. 45 : 56
- B. 8 : 11
- C. 47 : 56
- D. 3 : 4 Discuss
- 9. A manufacturer marked an article at ? 50 and sold it allowing 20% discount. If his profit was 25%, then the cost price of the article was
Options- A. ? 40
- B. ? 35
- C. ? 32
- D. ? 30 Discuss
- 10. A seller marks his goods 30% above their cost price but allows 15% discount for cash payment. His percentage of profit when sold in cash, is?
Options- A. 10.5%
- B. 15%
- C. 9%
- D. 8.5% Discuss
Discount problems
Search Results
Correct Answer: ?264
Explanation:
Correct Answer: 7 9 % 13
Explanation:
Correct Answer: 3 1 % 33
Explanation:
Correct Answer: ?408
Explanation:
Correct Answer: ?1600
Explanation:
Correct Answer: $ 18.33
Explanation:
Correct Answer: ? 3600
Explanation:
Let the marked price = ? N
The discount equivalent to successive discounts 20 % and 10 % = { r1 + r2 - (r1 r2)/100 } %
Where, r1 = 20 and r2 = 10
Then, 30 - 2 = 28 %
According to the question,
{(100 - 28)N}/100 - {(100 - 30)N}/100 = 72
? (72N - 70N)/100 = 72
? N = (72 x 100)/2 = ? 3600
Correct Answer: 45 : 56
Explanation:
Let the CP of book = ? P
Then, SP of book = {(100 + 12) x P}/100 = 112P/100
Now, the printed price = ? Q
Then, after discount,
the SP = (100 - 10)Q/100 = 90Q/100
Since, both SP are same.
Then, 112P/100 = 90Q/100
? P/Q = 45/56
? 45 : 56
Correct Answer: ? 32
Explanation:
? Marked price of an article = ? 50
? SP of an article = 50 x (100 - 20)/100
= (50 x 80)/100
= ? 40
Hence, cost price of an article = (40 x 100)/(100 + 25)
= (40 x 100)/125
= ? 32
Correct Answer: 10.5%
Explanation:
Let CP of the goods = ? N
? Marked price of the goods = N x {(100 + 30)/100} = ? 13N/10
Now, SP of the goods = (13N/10) x (100 - 15/100)
= (13N/10) x (85/100) = ? 221N/200
? Profit = {(221 x N)/200} - N = ? 21N/200
Hence, profit per cent = [{21N/200} /N] x 100 % = 2100/200 = 10.5 %
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