PRACTICE QUESTIONS ON DISCOUNT

Examination Questions on Discount

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1. Applied to a bill for Rs. 1,00,000 the difference between a discount of 40% and two successive discounts of 36% and 4% is:  

1. Nil
2. Rs. 1440
3. Rs. 2500
4. Rs. 4000

2. On a 20% discount sale, an article costs Rs. 596. What was the original price of the article?  

1. Rs. 720
2. Rs. 735
3. Rs. 745
4. Rs. 775

3. A discount of 15% on one article is the same as discount of 20% on a second article. The costs of the two articles can be:  

1. Rs. 85, Rs. 60
2. Rs. 60, Rs. 40
3. Rs. 40, Rs. 20
4. Rs. 80, Rs. 60

4. A discount of 2 ½% is given to the customer on marked price of an article. A man bought the article for Rs. 39. The marked price of article is:  

1. Rs. 40
2. Rs. 36.5
3. Rs. 42
4. Rs. 41.5

5. Printed price of an article is Rs. 900 but the retailer gets a discount of 40%. He sells the article for Rs. 900. Retailer’s gain percent is:  

1. 40
2. 60
3. 66²/₃
4. 68¹/₃

6. The marked price of a watch was Rs. 720. A man bought the same watch for Rs. 550.80, after getting two successive discounts. If the first discount was 10%, what was the second discount rate?  

1. 12%
2. 15%
3. 14%
4. 18%

7. A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash. His net loss is:  

1. 8%
2. 10%
3. 16%
4. 20%

8. A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is the profit percent?  

1. 9%
2. 10%
3. 10 ¹/₉ %
4. 11%.

9. 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:  

1. Rs. 900
2. Rs. 800
3. Rs. 700
4. Rs. 600.

10. Successive discounts of 20% and 10% are equivalent to a single discount of :  

1. 28%
2. 15%
3. 30%
4. 25%

11. A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price, how much profit or loss does he make, if any?  

1. 1% gain
2. 1% loss
3. 5% gain
4. No gain, no loss.

12. A product has a marked price of Rs. 100. What would be its selling price if successive discounts of 10%, 15% and 20% are given on it?  

1. Rs. 55
2. Rs. 56.40
3. Rs. 61.20
4. Rs. 67.80

13. A trader purchases an item for Rs. 540 and sets it marked price at 20% above the cost price. He then sells it at a discount of 10% on the marked price. What is his profit percentage?  

1. 10%
2. 12%
3. 15%
4. 8%

14. If after two successive discounts of 20% and 35%, an item is sold for Rs. 5200, what is its marked price?  

1. Rs. 10,000
2. Rs. 9,800
3. Rs. 9,000
4. Rs. 8,000

15. A trader marks his goods at 50% above the cost price and sells half of the items after offering a discount of 20%. Later he marks his goods at 60% above the cost price and sells the left over half offering the same discount of 20%. What is his profit percent in all?  

1. 20%
2. 24%
3. 25%
4. 30%

16. A trader offers 1 T-shirt free with each T-shirt purchased at the marked price. If he still makes a profit of 20%, at what percentage above the cost price has the trader set the marked price?  

1. 100%
2. 120%
3. 150%
4. 200%

17. A retailer is offered 2 free sarees for every bundle of 10 sarees he purchases from the wholesaler. He wants to offer 1 saree free for every 2 sarees purchased but still make a profit of 10%. At what percent above the cost price should he set the marked price?  

1. 110%
2. 125%
3. 140%
4. 165%

• <–– Averages
• Proft and Loss ––>

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