Discount Set 1

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profit loss

Discount Set 1

We are here with the Discounts exercise which is very important for competitive exams. Profit and Loss and Discounts questions usually carry 3-5 marks in competitive exams.

Q1. Successive discounts of 10% and 30% are equivalent to a single discount of:
(a) 40%
(b) 35%
(c) 38%
(d) 37%

discount setsQ2. A ktrademan marks khis good at 20% above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.
(a) 12%
(b) 10.4%
(c) 16%
(d) 20%

Q3. A discount of 2 (1/2)% is given to the customer on the marked price of an article. A man bought the article for Rs. 39. The market price of the article is:
(a) Rs. 42
(b) Rs. 36.5
(c) Rs. 40
(d) Rs. 41.5

Answers to the quiz and More questions are attached in the Sehpaathi Test Application below

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Bnk_Quant_Discounts-Set1

Q4. 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?
(a) 15%
(b) 10%
(c) 8%
(d) 6.5%

Q5. 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:
(a) Rs. 900
(b) Rs. 800
(c) Rs. 700
(d) Rs. 600

Answer:

1)d       2)b        3)c        4)b       5)d  

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