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discount MCQs

Practise focused discount questions with marked answers for exam preparation and subject revision.

discount Mcqs
1. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
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A. Rs. 1575

B. Rs. 1386

C. Rs. 1764

D. Rs. 2268

2. 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:
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A. Rs. 18.33

B. Rs. 22

C. Rs. 20

D. Rs. 21.81

3. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:________?
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A. Rs. 968

B. Rs. 1960

C. Rs. 2400

D. Rs. 768
4. A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How much profit or loss does he make, if any ?
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A. 1% loss

B. No gain no loss

C. 1% gain

D. 5% gain

5. 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:
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A. 8 months

B. 10 months

C. 6 months

D. 9 months

6. 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:
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A. 7.50%

B. 5%

C. 10%

D. 0%
7. The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:_________?
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A. 14%

B. 12%

C. 13%

D. 15%
8. 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:
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A. gains Rs. 50

B. loses Rs. 30

C. gains Rs. 30

D. gains Rs. 55

9. 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:_______?
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A. Rs. 1360

B. Rs. 1450

C. Rs. 6800

D. Rs. 1800

10. 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?
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A. Rs. 12,000 in cash

B. Rs. 12,880 at credit

C. Both are equally good

D. Rs. 18.33

11. A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?
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A. 16%

B. 8%

C. 10%

D. 20%

12. 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:
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A. 12%

B. 16%

C. 15%

D. 14%
13. A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?
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A. Rs. 774

B. Rs. 680

C. Rs. 704

D. Rs. 640

14. The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?
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A. 12%

B. 18%

C. 14%

D. 15%
15. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
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A. Rs. 1325

B. Rs. 1500

C. Rs. 1350

D. Rs. 1300

16. 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?
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A. Rs. 10.40

B. Rs. 15.20

C. Rs. 10

D. Rs. 13