A. 12%
B. 13%
C. 15%
D. 14%
✅ The correct answer is option C. 15%.
Discount Mcqs MCQs
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
✅ The correct answer is option B. Rs. 1764.
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
✅ The correct answer is option B. gains Rs. 50.
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%
✅ The correct answer is option A. 0%.
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
✅ The correct answer is option D. Rs. 18.33.
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. Rs. 18.33
✅ The correct answer is option A. Rs. 12,000 in cash.