true-discount aptitude question and answers -Page 9

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True Discount problems

1. The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs.490. At what price should the article be sold to make 25% profit?
Options
A. 715
B. 469
C. 400
D. 750

2. The difference between Simple Interest and True Discount on a certain sum of money for 6 months at 1212 % per annum is Rs 25. Find the sum.
Options
A. Rs.6800
B. Rs.6500
C. Rs.6000
D. Rs.6200

3. 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:
Options
A. 0%
B. 5%
C. 7.5%
D. 10%

4. What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?
Options
A. Rs.600
B. Rs.601
C. Rs.602
D. Rs.603

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5. 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:
Options
A. gains Rs. 55
B. gains Rs. 50
C. loses Rs. 30
D. gains Rs. 30

6. The present value of a bill due at the end of 2 years is Rs.1250. If the bill were due at the end of 2 years and 11 months, its present worth would be Rs.1200. Find the rate of interest and the sum.
Options
A. rs.1175
B. rs.1375
C. rs.1475
D. rs.1575

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7. Find the present worth of Rs.930 due 3 years hence at 8% per annum.Aso find the discount?
Options
A. 186
B. 180
C. 185
D. 189

8. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is ?
Options
A. Rs.948
B. Rs.876
C. Rs.768
D. Rs.658

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9. The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is?
Options
A. 12%
B. 13%
C. 15%
D. 14%

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