True Discount MCQ Questions & Answers

True Discount MCQs : This section focuses on the "True Discount". These Multiple Choice Questions (MCQs) should be practiced to improve the True Discount skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.

Question 1

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.

A. Rs.6800

B. Rs.6500

C. Rs.6000

D. Rs.6200

Question 2

A man wants to sell his scooter .There are two offers one at Rs12000 cash and other at a credit of Rs12880 to be paid after 8 months ,money being at 18% per annum which is better offer?

A. Rs.12880

B. Rs.12000

C. Both are equally good

D. None of the above

Question 3

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:

A. 12%

B. 13%

C. 14%

D. 15%

Question 4

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:

A. Rs. 1800

B. Rs. 1450

C. Rs. 1360

D. Rs. 6800

Question 5

The true discount on Rs.2562 due 4 months hence is Rs.122.The rate % is?

A. 12%

B. 13 (1/3)%

C. 15%

D. 14%

Question 6

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?

A. Rs. 10

B. Rs. 10.40

C. Rs. 15.20

D. Rs. 13

Question 7

Which is a better offer out of (i) a cash payment now of Rs.8100 or (ii) a credit of Rs.8250 after 6 months(6.5% S.I)

A. (i)

B. (ii)

C. both (i) and (ii)

D. none

Question 8

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

A. Rs. 1325

B. Rs. 1300

C. Rs. 1350

D. Rs. 1500

Question 9

The true-discount on Rs.2480 due after a certain period at 5% is Rs.80. Find the due period.

A. 6months

B. 5months

C. 8months

D. 3months

Question 10

If Rs.10 be allowed as true discount on a bill of Rs.110 at the end of a certain time , then the discount allowed on the same sum due at the end of double the time is

A. 18.2

B. 18.33

C. 18

D. 18.3

Question 11

A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?

A. Rs. 9025.20

B. Rs. 9200

C. Rs. 9600

D. Rs. 9560

Question 12

The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is:

A. 12%

B. 14%

C. 15%

D. 16

Question 13

The True discount on Rs1760 due after a certain time at 12% per annum is Rs160. The time after which it is due is?

A. 15months

B. 5months

C. 12months

D. 10months

Question 14

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

A. 1200

B. 1764

C. 1600

D. 1354

Question 15

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

A. Rs. 768

B. Rs. 968

C. Rs. 1960

D. Rs. 2400

Question 16

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

A. Rs. 1386

B. Rs. 1764

C. Rs. 1575

D. Rs. 2268

Question 17

The present worth of Rs. 2310 due 2.5 years hence, the rate of interest being 15% per annum, is:

A. Rs. 1750

B. Rs. 1680

C. Rs. 1840

D. Rs. 1443.75

Question 18

Find the present worth of a bill of Rs.28000 due 2 years at 12% compound interest. Also find the true discount.

A. 300

B. 350

C. 250

D. 275

Question 19

The Simple Interest & True Discount on a certain sum of money for a given time & at a given rate are Rs 85 & Rs.80.The sum is:

A. Rs.1350

B. Rs.1360

C. Rs.1316

D. Rs.1200

Question 20

The true discount on a bill due 9 months hence at 12% per annum is Rs 540. Find the amount of the bill and its present worth?

A. 1600

B. 7000

C. 6000

D. 6500

Question 21

If the true discount on sum due 2 years hence at 14% per annum be Rs. 168, the sum due is

A. Rs. 600

B. Rs. 768

C. Rs. 878

D. Rs. 668

Question 22

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

A. Rs.948

B. Rs.876

C. Rs.768

D. Rs.658

Question 23

A has to pay Rs.220 to B after 1yr. B asks A to pay Rs.110 in cash and defer the payment of Rs.110 for 2 yrs. A agrees to it. If the rate of interest be 10% per annum in this mode of payment:

A. A gains Rs.11

B. There is No gain or loss

C. A losses 7.43

D. A gains Rs. 7.34

Question 24

A trader owes a maerchant Rs10028 due 1yr hence The trader wants to settle the account after 3 months .If the rate of interest is 12%per annum How much cash should he pay?

A. Rs.9000

B. Rs.9002

C. Rs.9200

D. Rs.9120

Question 25

A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?

A. 1200

B. 3000

C. 3600

D. 1300

Question 26

Find the present worth of Rs.930 due 3 years hence at 8% per annum.Aso find the discount?

A. 186

B. 180

C. 185

D. 189

Question 27

If a cellphone is purchased for Rs.490 and sold for Rs.465.50 find the loss percentage?

A. 10

B. 5

C. 20

D. 15

Question 28

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.

A. rs.1175

B. rs.1375

C. rs.1475

D. rs.1575

Question 29

The true discount on Rs.1600 due to after a certain of 5% per annum is Rs.160. The time after which it is due is

A. 27months

B. 23months

C. 20months

D. 12months

Question 30

The TrueDiscount on a certain sum of money due 3 years hence is Rs.250 and SimpeInterest on the same sum for same time and same rate is Rs375. Find sum and rate%?

A. (16 + 4/3)%

B. (16 +1/3)%

C. (16 + 5/3)%

D. (16 + 2/3)%

Question 31

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:

A. 6 months

B. 8 months

C. 9 months

D. 10 months

Question 32

What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?

A. Rs.600

B. Rs.601

C. Rs.602

D. Rs.603

Question 33

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:

A. Rs. 20

B. Rs. 21.81

C. Rs. 22

D. Rs. 18.33

Question 34

Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:

A. 16(2/3)%

B. 14(1/2)%

C. 13(1/3)%

D. 15%

Question 35

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is?

A. 12%

B. 13%

C. 15%

D. 14%

Question 36

The Present worth of Rs.2310 due 212 years hence ,the rate of interest being 15% per annum, is :

A. Rs.1440

B. Rs.1750

C. Rs.1680

D. Rs.1840

Question 37

If the truediscount on a sum due 2yrs hence at 14% per annum be Rs168. The sum due is?

A. 700

B. 760

C. 768

D. 786

Question 38

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

A. 12%

B. 13(1/3)%

C. 15%

D. 14%

Question 39

The present worth of Rs.1404 due in two equal half-yearly instalments at 8% per annum. Simple interest is:

A. 1320

B. 1300

C. 1325

D. 1200

Question 40

A man buys a watch for Rs1950 in cash and sells it for Rs 2200 at a credit of 1 yr. The rate of interest is 10% per annum. Then he gains or loose how much amount?

A. 50

B. 55

C. 15

D. 45

Question 41

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?

A. 715

B. 469

C. 400

D. 750

Question 42

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?

A. Rs. 12,000 in cash

B. Rs. 12,880 at credit

C. Both are equally good

D. Can not say

Question 43

In what time a debt of Rs.7920 due may be cleared by immediate cash down payment of Rs.3600 at 1/2% per month

A. 10years

B. 20years

C. 30years

D. 40years

Question 44

The true discount on a bill due 9 months hence at 12% per annum is Rs. Find the amount of the bill and its present worth.

A. 1500

B. 1600

C. 6200

D. 6000

Question 45

The true discount on a certain sum of money due 3 year hence is Rs.100 and the S.I. on the same sum for the same time and at the same rate is Rs.120. Find the sum and the rate percent.

A. (6 + 2/3)%

B. (5+ 2/3)%

C. (2+ 2/3)%

D. (4+ 2/3)%

Question 46

If Rs.20 is the True Discount on Rs260due after a certain time.What wil be true discount on the same sum due after half of the former time, the rate of interest being the same?

A. Rs.9.40

B. Rs.10.14

C. Rs.10.40

D. Rs.9.14

Question 47

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:

A. gains Rs. 55

B. gains Rs. 50

C. loses Rs. 30

D. gains Rs. 30

Question 48

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:

A. 0%

B. 5%

C. 7.5%

D. 10%