Discount Practice Question and Answer

Q:

A trader allows a trade of 20% and a cash discount of $$6{1\over 4}\%$$% on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale? 

786 0

  • 1
    60%
    Correct
    Wrong
  • 2
    70%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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Answer : 1. "60% "

Q: A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, then the cost price of the article is : 1107 1

  • 1
    Rs. 900
    Correct
    Wrong
  • 2
    Rs. 800
    Correct
    Wrong
  • 3
    Rs. 700
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
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Answer : 4. " Rs. 600"
Explanation :

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Q:

What is single discount equivalent to two successive discounts of 15% and 20%?

1274 0

  • 1
    32%
    Correct
    Wrong
  • 2
    34%
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    36%
    Correct
    Wrong
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Answer : 1. "32%"

Q: If the true discount on sum due 2 years hence at 14% per annum be Rs. 168, the sum due is ? 5794 7

  • 1
    Rs.948
    Correct
    Wrong
  • 2
    Rs.876
    Correct
    Wrong
  • 3
    Rs.768
    Correct
    Wrong
  • 4
    Rs.658
    Correct
    Wrong
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Answer : 3. "Rs.768"
Explanation :

Answer: C) Rs.768 Explanation: P.W. = 100×T.DR×T = 100×16814×2 = 600. Sum = (P.W. + T.D.) = Rs. (600 + 168) = Rs. 768.

Q: The marked price of a watch is Rs 1000. A retailer buys it at Rs. 810 after getting two successive discounts of 10% and another rate which is illegible. What is the second discount rate ? 1453 0

  • 1
    15%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    8%
    Correct
    Wrong
  • 4
    6.5%
    Correct
    Wrong
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Answer : 2. " 10%"
Explanation :

Q: The marked price of an article is Rs. 200. A discount of $$12{1\over2}\%$$ is allowed on the marked price and a profit of 25% is made. The cost price of the article is 1481 1

  • 1
    Rs 200
    Correct
    Wrong
  • 2
    Rs 175
    Correct
    Wrong
  • 3
    Rs 120
    Correct
    Wrong
  • 4
    Rs 140
    Correct
    Wrong
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Answer : 4. " Rs 140"
Explanation :

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Q:

A bookseller allowed 10 % discount on printed price. He gets 30 % commission from publisher. His profit in percent will be 

1128 0

  • 1
    20
    Correct
    Wrong
  • 2
    $$28{4 \over 7}$$
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    $$28{3 \over 7}$$
    Correct
    Wrong
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Answer : 2. "$$28{4 \over 7}$$"

Q:

A shopkeeper marked the article 30 % above the cost price. And he gives a discount of 20 % on the M.R.P. find his profit percentage?

855 0

  • 1
    15
    Correct
    Wrong
  • 2
    10
    Correct
    Wrong
  • 3
    6
    Correct
    Wrong
  • 4
    4
    Correct
    Wrong
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Answer : 4. "4"

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