Discount Mcqs

1.

A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?

A. Rs. 704

B. Rs. 640

C. Rs. 774

D. Rs. 680

Answer & Solution Discuss in Board

2.

A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?

A. 8%

B. 10%

C. 16%

D. 20%

Answer & Solution Discuss in Board

3.

The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?

A. 12%

B. 14%

C. 15%

D. 18%

Answer & Solution Discuss in Board

4.

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

Answer & Solution Discuss in Board

5.

If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:________?

A. Rs. 768

B. Rs. 968

C. Rs. 1960

D. Rs. 2400

Answer & Solution Discuss in Board

6.

The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

A. Rs. 1325

B. Rs. 1300

C. Rs. 1350

D. Rs. 1500

Answer & Solution Discuss in Board

7.

The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:_______?

A. Rs. 1800

B. Rs. 1450

C. Rs. 1360

D. Rs. 6800

Answer & Solution Discuss in Board

8.

The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

A. 12%

B. 14%

C. 15%

D. 16%

Answer & Solution Discuss in Board

9.

Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?

A. Rs. 10

B. Rs. 10.40

C. Rs. 15.20

D. Rs. 13

Answer & Solution Discuss in Board

10.

The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

A. 6 months

B. 8 months

C. 9 months

D. 10 months

Answer & Solution Discuss in Board

Practice MCQ Questions and answers on Discount Mcqs

1. A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?

Answer & Solution

2. A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?

Answer & Solution

3. The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?

Answer & Solution

4. 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 ?

Answer & Solution

5. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:________?

Answer & Solution

6. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

Answer & Solution

7. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:_______?

Answer & Solution

8. The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

Answer & Solution

9. Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?

Answer & Solution

10. The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

Answer & Solution

Read More Section(Mathematics Quizzes)

1.

A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?

2.

A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?

3.

The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?

4.

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 ?

5.

If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:________?

6.

The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

7.

The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:_______?

8.

The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

9.

Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?

10.

The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is: