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?

Related Mcqs:

1. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

   A. Rs.3100
   B. Rs.2700
   C. Rs.2200
   D. Rs.1800

2. 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

3. If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?

   A. Rs 1575.20
   B. Rs 1600
   C. Rs 1625.80
   D. Rs 2000

4. Jameel brought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%?

   A. Rs. 400
   B. Rs. 440
   C. Rs. 500
   D. Rs. 550

5. 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

6. A and B started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

   A. Rs. 7500
   B. Rs. 9000
   C. Rs. 9500
   D. Rs. 10,000
   E. None of these

7. A man was employed on the promise that he will be paid the highest wages per day. The contract money to be paid was Rs. 1189. Finally he was paid only Rs. 1073. For how many days did he actually work?

   A. 39
   B. 40
   C. 37
   D. 35

8. A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. IN what ratio will the profit be shared at the end of 3 years?

   A. 2:3:5
   B. 3:4:7
   C. 4:5:9
   D. None of these

9. A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years?

   A. 2 : 3 : 4
   B. 3 : 2 : 4
   C. 3: 2 : 1
   D. 3: 4 : 7

10. Two tailors X and Y are paid a total of Rs. 550 per week by their employer. If X is paid 120 percent of the sum paid to Y, how much is Y paid per week?

    A. Rs. 200
    B. Rs. 250
    C. Rs. 300
    D. None of these