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DISCOUNT PART-1

Significance of this chapter:
 2-3 questions come from this chapter in tier 1 and 4-5 in tier 2. 
We kept discount chapter separate from profit and loss becouse it is importent for other exam too.

Concepts and Key Points

Market Price: The price on the label / also called printing price/ also called advertising price 

Discount: amount of rebate or less on a fixed price is called discount. 

Selling Price: Market price — Discount 

Let its say Rs 100 is the market Price (MRP), 10% is the discount, and therefore selling price will be Rs 90. Important:, Discount is given /counted on market price.












Successive Discount: 
when two or more than two discount are given : 20% and 10% successively given what does it mean?


 ↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔↔


Q1. A housewife saved Rs 2.50 in buying a dress on sale. If she spent Rs 25 for the dress, approximately how much percent she saved in the transaction?
 (a)8%               b) 9%              c) 10%                   d) 11%


Q2. A agent gets a commission of 2.5% on the sales of cloth. If on a certain day, he gets Rs 12.50 as commission, the cloth sold through him on that day is worth:
a) Rs 250               b) Rs 500                     c) 750                   d) Rs 1250


Q3. Successive discounts of 10% and 30% are equivalent to a single discount of
  (a)40%                     b) 35%               c) 38%                        d) 37%


Q4. 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
a) 1% gain                b) 1% loss                      c) 5% gain                       d) no gain, no loss



05. Applied to a bill for Rs 1,00,00 the difference between a discount of 40% and two successive discounts of 36% and 4% is:
a) nil                b) Rs 1440                   c) Rs 2500             d) Rs 4000


Q6. The 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 per cent is:
 (a) 40               b) 60                      c) 200/3                       d) 205/3


Q7. A discount of 2.5% 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) 42                  b) 36.5                  c) 40                             d) 41.5


Q8. 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?
  (a)9%                   b) 10%                       c) 91/9%                     d) 11%


Q9. A salesman is allowed 11/2 % discount on the total sales made by him plus a bonus of 1/2 % on sales over Rs 10,000. If his 7 total earnings were Rs 19,90, his total sales (in Rs) was
 (a)30,000                   b) 32,000                     c) 34,000                   d) 35,000


Q10. The marked price of an article is Rs 200. A discount of 25/2 % 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


Q11. A sells a scooter priced Rs 36,000. He gives a discount of 8% on the first Rs 20,000 and 5% on the next Rs 10,000. How much discount can he afford on the remaining Rs 6000 if he is to get as much as when 7% discount is allowed on the total?
a) 5%                      b) 6%                        c) 7%                       d) 8%


Q12. A tradesman gives 4% discount on the market price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by
a) 40%                    b) 39.5%                   c) 50%                       d) 20%


Q13. The true discount on a sum of money due 2 years hence at 5% is Rs 15. Find the sum.
a) Rs 150                     b) Rs 165                    c) Rs 170                    d) Rs 160


Q14. A discount series of 10%, 20% and 40% is equal to a single discount of
  (a)50.0%                     b) 56.8%                   c) 60.2%                    d) 70.28%


Q15. A shopkeeper sells a badminton racket whose marked price is Rs 30, at a discount of 15% and gives a shuttle cock costing Rs 1.50 free with each racket. Even then he makes a profit of 20%. His cost price per racket is:
 (a) Rs 21               b) Rs 21.25                    c) Rs 20                       d) Rs 19.75


Q16. A shopkeeper lists the price of an article as Rs 500. But he gives a certain discount which the buyer to pay Rs 500 for the article including 10% sales tax. The rate of discount is
  (a)10%                   b) 111/11                   c) 100/11                     d) 11%


Q17. A trader allows a trade discount of 20% and a cash discount of 6.25% 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?
  (a)40%                       b) 50%                        c) 60%                          d) 70%


Q18. A toy train is marked at Rs. 400 and sold at a discount of 8% during Ganesh puja. A shop-keeper announces a discount of 8%. The amount he will losses if he announces a single discount of 16% is
 (a) Rs. 2.56                   (b) Rs. 3.84                    (c) Rs. 4.16                     (d) Rs. 5.78







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