Aptitude : True Discounts

(1) A woman purchased a horse for Rs. 4000 and sold it the same day for Rs. 4800, allowing the buyer a credit of 3 years. If the rate of interest be 12% per annum, then the woman has a gain of:

  • (a)500 Rs
  • (b)525.5 Rs
  • (c)555.5 Rs
  • (d)583.7 Rs

(2) A retailer owes a wholesaler Rs. 15,035 due 2 years hence. The retailer wants to settle the account after 4 months. If the rate of interest 15% per annum, how much cash should he pay?

  • (a)13017 Rs
  • (b) Rs
  • (c) Rs
  • (d) Rs

(3) A man wants to sell his car. There are two offers, one at Rs. 22,000 cash and the other a credit of Rs. 24,880 to be paid after 10 months, money being at 20% per annum. Which is the better offer?

  • (a)30000 Rs
  • (b)22,000 Rs
  • (c)24880 Rs
  • (d)0 Rs

(4) If Rs. 15 be allowed as true discount on a bill of Rs. 165 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)25 Rs
  • (b)40 Rs
  • (c)30 Rs
  • (d)55 Rs

(5) A woman buys a piece of jewelry for Rs. 2950 in cash and sells it for Rs. 3200 at a credit of 2 years. If the rate of interest is 12% per annum, the woman incurs a loss or profit , if so how much ?

  • (a)-398 Rs
  • (b)352 Rs
  • (c)398 Rs
  • (d)425 Rs

Author: user

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