
True Discount QUESTIONS AND ANSWERS :: Arithmetic : part2 : 6 to 10
Following True Discount multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :
6.A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of: |
| 4 % |
| 5 % |
| 6% |
| 5% |
7.The true discount on Rs. 1860 due after a certain time at 5% is Rs. 60. The time after which it is due is: |
| 6 months |
| 8 months |
| 9 months |
| 10 months |
8.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: |
| Rs. 20 |
| Rs. 21.81 |
| Rs. 22 |
| Rs. 18.33 |
9.The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is: |
| Rs. 500 |
| Rs. 200 |
| Rs. 250 |
| Rs. 100 |
10.A has to pay Rs. 220 to B after 1 year, B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. Counting, the rate of interest at 10% per annum in this new mode of payment: |
| there is no gain or loss to any one |
| A loses Rs. 7.34 |
| A loses Rs. 7.34 |
| A gains Rs. 11 |
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