Discount Practice Question and Answer

Q:

A seller marks his goods 30 % above their cost price but allows 15 % discount for cash payment. His percentage of profit when sold in cash is 

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  • 1
    10.5 %
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    8.5%
    Correct
    Wrong
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Answer : 1. "10.5 % "

Q:

A shopkeeper gives rebate of 20% and 10% successively on print price of a chair. If cost of chair is 2,000, then how much amount will customer pay?

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  • 1
    1400
    Correct
    Wrong
  • 2
    1500
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1440
    Correct
    Wrong
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Answer : 4. " 1440 "
Explanation :

Q:

A shopkeeper sells at a discount of 20% and earns a profit of 60%. If he sells the same table at 40% discount, then what will be his new profit percent? 

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  • 1
    35%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    30%
    Correct
    Wrong
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Answer : 3. "20% "

Q:

An article listed at 800 is sold at successive discounts of 25 % and 15 %. The buyer desires to sell it off at a profit of 20 % after allowing a 10 % discount. What would be his list price?

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  • 1
    ₹ 640
    Correct
    Wrong
  • 2
    ₹ 680
    Correct
    Wrong
  • 3
    ₹ 620
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 2. "₹ 680 "
Explanation :

Q:

Two successive discounts of 40% and 20%, respectively, on the marked price of an article are equal to single discount of Rs 988. The marked price (in Rs) of the article is:

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  • 1
    1,900
    Correct
    Wrong
  • 2
    2,200
    Correct
    Wrong
  • 3
    2,470
    Correct
    Wrong
  • 4
    2,070
    Correct
    Wrong
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Answer : 1. "1,900 "

Q:

A shopkeeper allows 23 % commission on his advertised price and still makes a profit of 10 %. If he gains Rs.56 on one item, his advertised price of the item, in Rs. is 

1711 0

  • 1
    820
    Correct
    Wrong
  • 2
    780
    Correct
    Wrong
  • 3
    790
    Correct
    Wrong
  • 4
    800
    Correct
    Wrong
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Answer : 4. "800"

Q:

While selling to the retailer, a company allows 30% discount on the marked price of their products. If the retailer sells those products at marked price, his profit % will be: 

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  • 1
    40%
    Correct
    Wrong
  • 2
    $$42{6\over 7}\%$$
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    $${17\over 2}\%$$
    Correct
    Wrong
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Answer : 2. "$$42{6\over 7}\%$$ "
Explanation :

Q:

A double bed is marked at Rs. 7500. The shopkeeper allows successive discounts of 8%, 5% and 2% on it. What is the Net selling price?

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  • 1
    Rs. 18775.26
    Correct
    Wrong
  • 2
    Rs. 8525.50
    Correct
    Wrong
  • 3
    Rs. 6452.05
    Correct
    Wrong
  • 4
    Rs. 6423.90
    Correct
    Wrong
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Answer : 4. "Rs. 6423.90"

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