### DISCOUNT PART-1 | SSC RANKERS | SSC MATHEMATICS | SSC CGL | CPO | CHSL | MTS | BANK EXAM

## 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

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:

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

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?

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

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