Arithmetic Questions And Answers :: True Discount: part2



True Discount QUESTIONS AND ANSWERS :: Arithmetic : part2 : 1 to 5

Following True Discount multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :

1.Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same due after half of the former time, the rate of interest being the same:

Rs. 10
Rs. 10.40
Rs. 15.20
Rs. 13

2.A man buys a watch for Rs. 195 in cash and sells is for Rs. 220 at a credit of 1 year. If the rate of interest is 10% the man:

gains Rs. 15
gains Rs. 3
gains Rs. 5
loses Rs. 5

3.The true discount on Rs. 2575 due 4 months hence is Rs. 75. The rate percent is:

6%
8%
9%
5%

4.The true discount on a bill due 10 months hence at 6% per annum is Rs. 26.25. The amount of the bill is:

Rs. 1575
Rs. 500
Rs. 650.25
Rs. 551.25

5.Goods were bought for Rs. 600 and sold the same day for Rs. 650.25 at a credit of 9 months and still there was a gain of 2%. The rate percent is:

6 %
8 %
8%
7 %

More True Discount QUESTIONS AND ANSWERS available in next pages

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