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True Discount on Arithmetic Aptitude related Questions and Answers - Page 1

Question 1 : 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:

1. Rs. 20
2. Rs. 21
3. Rs. 22
4. Rs. 18.33
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Question 2 : 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?

1. Rs. 12,000 in cash
2. Rs. 12,880 at credit
3. Both are equally good

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Question 3 : 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:

1. 0%
2. 5%
3. 7.5%
4. 10%
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Question 4 : If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:

1. Rs. 768
2. Rs. 968
3. Rs. 1960
4. Rs. 2400
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Question 5 : The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

1. Rs. 1325
2. Rs. 1300
3. Rs. 1300
4. Rs. 1500
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Question 6 : 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:

1. Rs. 1800
2. Rs. 1450
3. Rs. 1360
4. Rs. 6800
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Question 7 : 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:

1. 6 months
2. 8 months
3. 9 months
4. 10 months
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Question 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: