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- Question
- Successive discounts of 10 %, 20 % and 30 % is equivalent to a single discount of :
Options- A. 60 %
- B. 49.6 %
- C. 40.5 %
- D. 36 %
- Correct Answer
- 49.6 %
Explanation
- 1. The difference between a discount of 40% on $ 500 and two successive discounts of 36%, 4% on the same amount is :
Options- A. $ 0
- B. $ 2
- C. $ 1.93
- D. $ 7.20 Discuss
- 2. A company offers three types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?
Options- A. First offer
- B. Second offer
- C. Third offer
- D. Any one; all are equally good Discuss
- 3. M owes N ? 3146 payable 1 1/ 2 yr hence. Also, N owes M, ? 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much?
Options- A. N should pay ? 100
- B. N should pay ? 50
- C. M should pay ? 100
- D. M should pay ? 50 Discuss
- 4. Aarti has to pay ? 440 to Babita after 1 yr. Babita asks Aarti to pay ? 220 in cash and defer the payment of ? 220 for 2 yr. Aarti agrees to it. If the rate of interest be 10 % per annum, find Aarti's gain or loss?
Options- A. Aarti gains ? 3.33
- B. Aarti gains ? 8
- C. Aarti losses ? 9
- D. Aarti losses ? 3.33 Discuss
- 5. Jagatram, a trader, owes a merchant. Mangalal ? 5014 due 1 yr hence. Jagatram wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should Jagatram pay?
Options- A. ? 9200
- B. ? 5600`
- C. ? 4600
- D. ? 6600 Discuss
- 6. A man buys a single apple for $ 25. If he were to buy a dozen apples, he would have to pay a total amount of $ 250. What would be the approximate % discount he would get on buying a dozen apples?
Options- A. 32
- B. 20
- C. 12
- D. 17 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 rupees) is :
Options- A. 3,600
- B. 3,000
- C. 2,500
- D. 2,400 Discuss
- 8. A fan is listed at $ 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to $ 1104?
Options- A. 8 %
- B. 10 %
- C. 12 %
- D. 15 % Discuss
- 9. An article is marked 40 % above the cost price and a discount of 30 % is allowed. What is the gain or loss %?
Options- A. 10% gain
- B. 5% gain
- C. 2% loss
- D. 12% loss Discuss
- 10. The true discount on a bill of $ 1260 is due for 6 months at 10 % per annum is:
Options- A. $ 60
- B. $ 160
- C. $ 80
- D. $ 260 Discuss
True Discount problems
Search Results
Correct Answer: $ 7.20
Explanation:
Correct Answer: Third offer
Explanation:
Correct Answer: N should pay ? 100
Explanation:
N owes PW of ? 3146 due 3/2 yr hence
i.e. {3146 x 100} / {100 + (14 x 3/2)} = (3146 x 100) / (100 + 21)
= 314600 / 121
= ? 2600
N owes PW of ? 2889 due 6 months hence
i.e. {2889 x 100}/{100 + (14 x 1/2)} = (2889 x 100)/(100 + 7)
= (2889 x 100)/107 = ? 2700
? N must pay ? (2700 - 2600) i.e. ? 100 to M.
Correct Answer: Aarti losses ? 3.33
Explanation:
Money to be paid by Aarti
= PW of ? 440 due 1 yr hence
= {440 x 100}/{100 + (10 x 1)} = {440 x 100}/110
= 4 x 100 = ? 400
Aarti actually pays ? 220 + PW of ? 220 due yr hence
i.e. 220 + {(220 x 100) / (100 + 10 x 2)}
= 220 + (220 x 100)/120
= [220 + 183.33]
= ? 403.33
? Loss of Aarti = 403.33 - 400
= ? 3.33
Correct Answer: ? 4600
Explanation:
Required cash = PW of ? 5014 due 9 month hence
= {95014 x 1000} /{100 + 12 x (9/12)}
= (5014 x 100)/(100 + 9)
= (5014 x 100)/109
= ? 4600
Correct Answer: 17
Explanation:
Correct Answer: 3,600
Explanation:
Correct Answer: 8 %
Explanation:
Correct Answer: 2% loss
Explanation:
Correct Answer: $ 60
Explanation:
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