Discount Practice Question and Answer

Q:

A company offers three types of successive discounts: (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?

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  • 1
    First offer
    Correct
    Wrong
  • 2
    Second offer
    Correct
    Wrong
  • 3
    Third offer
    Correct
    Wrong
  • 4
    Any one; all are equally good
    Correct
    Wrong
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Answer : 3. "Third offer "
Explanation :

Q:

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

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  • 1
    18%
    Correct
    Wrong
  • 2
    19%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    21%
    Correct
    Wrong
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Answer : 2. "19%"

Q:

A shopkeeper offers the following three schemes. Scheme-I: Two successive discounts of 15% and 25% Scheme-II: Buy 5, get 3 free Scheme-III: Buy 4, get 6 Which scheme is the best for customers?

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  • 1
    Any one- All are equal
    Correct
    Wrong
  • 2
    Scheme-I
    Correct
    Wrong
  • 3
    Scheme-II
    Correct
    Wrong
  • 4
    Scheme-III
    Correct
    Wrong
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Answer : 3. "Scheme-II "

Q:

A shopkeeper marked every item 25%abovethe cost price and allowed 10% discount. Shruti being a regular customer got 5% additional discount on the bill and paid ₹2394 for the item purchased. What is the cost price of the item (in ₹)? 

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  • 1
    2240
    Correct
    Wrong
  • 2
    2440
    Correct
    Wrong
  • 3
    2220
    Correct
    Wrong
  • 4
    2420
    Correct
    Wrong
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Answer : 1. "2240 "

Q:

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

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  • 1
    ₹ 2,500
    Correct
    Wrong
  • 2
    ₹ 4,000
    Correct
    Wrong
  • 3
    ₹ 1,500
    Correct
    Wrong
  • 4
    ₹ 1,440
    Correct
    Wrong
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Answer : 4. "₹ 1,440 "
Explanation :

Q:

An article is listed at ₹ 7,600 and the discount offered unit is 10%. What additional discount must be given to bring the net selling price to ₹5,814?

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  • 1
    8%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    12%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 4. "15%"

Q:

A trader allows a trade discount of 20% and a cash discount of $$6{1\over4}\%$$ 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? 

908 0

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

Q:

The price of an article is raised by 30% and then two successive discounts of 10% each are allowed. Ultimately the price of the article is

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  • 1
    decreased by 3%
    Correct
    Wrong
  • 2
    decreased by 5.3%
    Correct
    Wrong
  • 3
    increased by 10%
    Correct
    Wrong
  • 4
    increased by 5.3%
    Correct
    Wrong
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Answer : 4. "increased by 5.3% "
Explanation :

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