Discount Set 2

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. The marked price of an article is Rs. 200. A discount of 12 (1/2)% is allowed on the marked price and a profit of 25% is made. The cost price of the article is
(a) Rs. 200
(b) Rs. 175
(c) Rs. 120
(d) Rs. 140

Q2. A trader marked the selling price of an article at 10% above the cost price. At the time of selling he allows certain discount and suffers a loss of 1%. He allowed the discount of:
(a) 11%
(b) 10%
(c) 9%
(d) 10.5%

Q3. The marked price of an electric iron is Rs. 690. The shopkeeper allows a discount of 10% and gains 8%. If no discount is allowed, his gain percent would be
(a) 20%
(b) 24%
(c) 25%
(d) 28%

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

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Bnk_Quant_Discounts-Set2

Q4. A trader marked the price of his commodity so as to include a profit of 25%. He allowed discount of 16% on the marked price. His actual profit was:
(a) 5%
(b) 9%
(c) 16%
(d) 25%

Q5. A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit percent does he marked?
(a) 18%
(b) 12%
(c) 10%
(d) 8%

Answer:

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

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