The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?
A. 12%
B. 14%
C. 15%
D. 18%
Basic Mathematics
A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?
A. 8%
B. 10%
C. 16%
D. 20%
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
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
A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:
A. Rs.750
B. Rs.700
C. Rs.940
D. Rs.820
Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?
A. Rs. 992
B. Rs. 1112
C. Rs. 1056
D. Rs. 1182
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 true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:_________?
A. 12%
B. 13%
C. 15%
D. 14%
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
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