428 + Mcqs in Discount Page 1 McqOptions

1.	Articles are marked at a price which gives a profit of 25%. After allowing a certain discount the profit reduces to 121%. The discount percent is2
A.	11.1%
B.	10%
C.	12%
Answer» D.

Discussion

2.	Mr. A bought a refrigerator with 162% discount on the labelled price. Had 3 he bought it with 25% discount, he would have saved 600. At what price did he buy the refrigerator ?
A.	6000
B.	7200
C.	7500
D.	5000
Answer» B. 7200

Discussion

3.	A housewife saved 2.50 in buying a dress on sale. If she spent 25 for the dress, approximately how much per cent she saved in the transaction?
A.	8%
B.	9%
C.	10%
D.	11%
Answer» C. 10%

Discussion

4.	A fan is listed at 1500 and a discount of 20% is offered on the list price. What additionaldiscount must be offered to the customer to bring the net price to 1104 ?
A.	8%
B.	10%
C.	12%
D.	15%
Answer» B. 10%

Discussion

5.	A dealer buys an article marked at 25,000 with 20% and 5% off. He spends 1,000 for itsrepair and sells it for 25,000. What is his gain or loss per cent?
A.	Loss of 25%
B.	Gain of 25%
C.	Gain of 10%
D.	Loss of 10%
Answer» C. Gain of 10%

Discussion

6.	The Banker s discount on a bill due 6 months hence at 16% per annum is 216. The truediscount is :
A.	212
B.	180
C.	210
D.	200
Answer» E.

Discussion

7.	A discount of 21/2% is given to the customer on the marked price of an article. A man bought the article for 39. The marked price of the article is :
A.	42
B.	36.5
C.	40
D.	41.5
Answer» D. 41.5

Discussion

8.	A man sold an article for Rs. 450, after allowing a discount of 162% on3 the printed price. What is that printed price ?
A.	Rs. 525
B.	Rs. 530
C.	Rs. 535
D.	Rs. 540
Answer» E.

Discussion

9.	The discount on a certain sum of money,due at the end of 21years at 22 % p.a. is 78.43 Find the sum.
A.	1,278
B.	1,300
C.	1,378
D.	1,400
Answer» C. 1,378

Discussion

10.	A shopkeeper sold an item for 1,510 after giving a discount of 241% 2and thereby incurred loss of 10%. Had he sold the item without discount, his net profit would have been
A.	641
Answer» E.

Discussion

11.	The present worth of 920 due at the end of 3 years at 5 % simple interest per annum is :
A.	780
B.	850
C.	800
D.	810
E.	None of these
Answer» D. 810

Discussion

12.	A company showroom gives a discount of 20% on the second grade shoes and a furtherdiscount of 15% on shareholder s coupon. The total discount, a coupon holder will get is
A.	32%
B.	36%
C.	35%
D.	38%
Answer» B. 36%

Discussion

13.	If the simple interest on a certain sum is due for some years at 6 % is 180, and the discount at 5 % on the same amount is 140. Find the sum and the time.
A.	None of these
Answer» B.

Discussion

14.	The banker s gain on a certain sum of money is due for 9 months at 4 % p.a. is 2.25. The sum is :
A.	2575
B.	2500
C.	2250
D.	3250
E.	None of these
Answer» B. 2500

Discussion

15.	The present worth of a bill of 1764 due for 2 years at 5 % compound interest is :
A.	1650
B.	1700
C.	1600
D.	1714
E.	None of these
Answer» D. 1714

Discussion

16.	The present worth of a sum of money due for 146 days at 5 % is 400. The sum due is :
A.	410
B.	408
C.	415
D.	450
E.	None of these
Answer» C. 415

Discussion

17.	A banker discounts a 4 months bill at 3 %. If the proceeds be invested in a manner, so that nothing is lost, the interest rate should be :
A.	3%
B.	4%
C.	None of these
Answer» D.

Discussion

18.	A man bought a motor-cycle for 32500. He sold it for 35000, allowing the buyer for a 6 months credit. If the money be worth 4 % per annum, the gain percent is :
A.	None of these
Answer» C.

Discussion

19.	At a given rate, the simple interest and the true discount on a certain sum, for a given time, are 24 and 22, respectively. The sum is :
A.	264
B.	220
C.	288
D.	295
E.	None of these
Answer» B. 220

Discussion

20.	A trader allows a trade discount of 20% and a cash discount of 61% on the4marked 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%
Answer» D. 70%

Discussion

21.	The holder of a bill for 17850 nominally due on May 21, 1991 received 357 less than the amount of the bill by having it discounted at 5 %. When was it discounted?
A.	Dec 29, 1990
B.	Dec 30, 1989
C.	Dec 19, 1990
D.	Dec 20, 1995
E.	None of these
Answer» B. Dec 30, 1989

Discussion

22.	If $ 10 be allowed as true discount on a bill of $ 110 due at the end of certain time, then the discount allowed on the same amount due at the end of double the time is :
A.	$ 20
B.	$ 21.81
C.	$ 22
D.	$ 18.33
Answer» E.

Discussion

23.	A merchant allows 5% discount on the marked price of an article to his customers. What price should he mark on an article the cost price of which is 712.50, so as to make a clearprofit of 331% on his outlay ?3
A.	1000
B.	1200
C.	980
D.	960
Answer» B. 1200

Discussion

24.	An article is listed at 65. A customer bought this article for 56.16 with two successivediscounts of which one is 10%. The other discount of this discount scheme that was allowed by the shopkeeper is
A.	4%
B.	3%
C.	6%
D.	2.5%
Answer» B. 3%

Discussion

25.	The marked price of an article is 200. A discount of 121% is allowed on the marked price 2 and a profit of 25% is made. The cost price of the article is :
A.	200
B.	175
C.	120
D.	140
Answer» E.

Discussion

26.	A shopkeeper purchased a chair marked at 600 at two successive discounts of 15% and20% respectively. He spent 28 on transportation and sold the chair for 545. His gain percent was
A.	25%
B.	30%
C.	35%
D.	20%
Answer» B. 30%

Discussion

27.	A plate was sold for 6,300 after giving two successive discounts of 12 1% and 10%. Find the marked price.2
A.	7,300
B.	7,700
C.	8,000
D.	7,250
Answer» D. 7,250

Discussion

28.	The list price of an electric fan is Rs. 300. If two successive discounts of 15% and 10% areallowed, its selling price would be
A.	Rs. 227.50
B.	Rs. 225
C.	Rs. 230
D.	Rs. 229.50
Answer» E.

Discussion

29.	While selling a watch, a shopkeeper gives a discount of 5 % . If he gives a discount of 6 %, he earns 15 less as profit. What is the marked price of the watch ?
A.	1250
B.	1400
C.	1500
D.	750
Answer» D. 750

Discussion

30.	A salesman is allowed 51% discount on the total 2 sales madeby him plus a bonus of1% on sales2 over 10,000. If his total earnings were 1,990, his total sales (in ) was
A.	30,000
B.	32,000
C.	34,000
D.	35,000
Answer» D. 35,000

Discussion

31.	A company offers 3 types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?
A.	First offer
B.	Second offer
C.	Third offer
D.	Any one; all are equally good
Answer» D. Any one; all are equally good

Discussion

32.	If the discount on $ 249 at 5 % S.I. be $ 9, when is the sum due?
A.	6 months
B.	4 months
C.	9 months
D.	7 months
Answer» D. 7 months

Discussion

33.	What rate of interest does a man get for his money when in discounting a bill due in 10 months, he deducts 4 % of the amount of the bill?
A.	5%
B.	6%
C.	8%
D.	4%
Answer» B. 6%

Discussion

34.	The banker s gain on a certain sum due in 2 years at 5 % per annum is $ 8. The present worth is :
A.	$ 800
B.	$ 1600
C.	$ 1200
D.	$ 880
Answer» B. $ 1600

Discussion

35.	A owes B $ 1350 due in 3 months and B owes A $ 1078 due 5 months. If they agrees to settle their account right now at 5 % p.a, A should pay to B :
A.	$ 288.25
B.	$ 302
C.	None of these
Answer» B. $ 302

Discussion

36.	A bill is discounted at 5 % per annum. If banker s discount be allowed, at what rate of interest must the proceeds be invested, so that nothing is lost?
A.	5%
B.	10%
Answer» D.

Discussion

37.	The B.G. on a certain sum due in 5 years is 3/23 of B.D. Here, the rate of interest is :
A.	6%
B.	5%
C.	4%
D.	3%
Answer» E.

Discussion

38.	The B.G. on a sum due 3 years at 10 % is $ 180. The B.D. is :
A.	$ 680
B.	$ 780
C.	$ 580
D.	$ 480
Answer» C. $ 580

Discussion

39.	A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,
A.	there is no gain or loss to anyone.
B.	A gains $ 7.34
C.	A loses $ 7.34
D.	A gains $ 11
Answer» C. A loses $ 7.34

Discussion

40.	What is the rate of interest when the P.W. of $ 1245 due in 15 months is $ 1200?
A.	3%
B.	4%
C.	6%
D.	5%
Answer» B. 4%

Discussion

41.	If the discount on a certain sum in 2 years at a certain rate is $ 150 and the interest in 3 years is $ 240. Find the sum and the rate of interest.
A.	None of these
Answer» B.

Discussion

42.	A bill which being due at the end of 4 years is now worth $ 575, but if it is due in 2 years 6 months, it would now be worth $ 620. The sum of the bill is :
A.	$ 695
B.	$ 725
C.	$ 713
D.	None of these
Answer» D. None of these

Discussion

43.	Find the present worth (P.W.) and the true discount reckoning 6 % per annum simple interest of $ 176 due in 20 months time.
A.	$ 160, $ 16
B.	$ 130, $ 46
C.	$ 150, $ 26
D.	None of these
Answer» B. $ 130, $ 46

Discussion

44.	The discount on $ 5229 due in 1 year 9 months reckoning compound interest at 5 % is :
A.	$ 429.00
B.	$ 415.00
C.	$ 393.25
D.	None of these
Answer» B. $ 415.00

Discussion

45.	A retailer offers the following discount schemes for buyers on an article .i. Two successive discounts of 10 % .ii. A discount of 12 % followed by a discount of 8 %.iii. Successive discount of 15 % and 5 % .iv. A discount of 20 % . The selling price will be minimum under the scheme
A.	i
B.	ii
C.	iii
D.	iv
Answer» E.

Discussion

46.	A shopkeeper marks the price of an item keeping 20% profit. If he offers a discount of 121 % on the marked price, his gain percent will be2
A.	4.5%
B.	5%
C.	7.5%
D.	8%
Answer» C. 7.5%

Discussion

47.	Which of the following successive discounts is better to a customer?(a) 20%, 15%, 10% or(b) 25%, 12%, 8% ?
A.	(a) is better
B.	(b) is better
C.	(a) or (b) (both are same)
D.	None of these
Answer» C. (a) or (b) (both are same)

Discussion

48.	If an electricity bill is paid before due date, one gets a reduction of 4 % on the amount of the bill . By paying the bill before due date, a person got a reduction of 13 . The amount of his electricity bill was
A.	125
B.	225
C.	325
D.	425
Answer» D. 425

Discussion

49.	Successive discounts of 10%, 20% and 30% is equivalent to single discount of?
A.	60%
B.	49.6%
C.	40.5%
D.	36%
Answer» C. 40.5%

Discussion

50.	A shopkeeper has announced 14% rebate on marked price of an article. If the selling price of the article is 645, then the marked price of the article will be?
A.	800
B.	810
C.	750
D.	775
Answer» D. 775

Discussion

Explore topic-wise MCQs in Aptitude.

Articles are marked at a price which gives a profit of 25%. After allowing a certain discount the profit reduces to 121%. The discount percent is2

Mr. A bought a refrigerator with 162% discount on the labelled price. Had 3 he bought it with 25% discount, he would have saved 600. At what price did he buy the refrigerator ?

A housewife saved 2.50 in buying a dress on sale. If she spent 25 for the dress, approximately how much per cent she saved in the transaction?

A fan is listed at 1500 and a discount of 20% is offered on the list price. What additionaldiscount must be offered to the customer to bring the net price to 1104 ?

A dealer buys an article marked at 25,000 with 20% and 5% off. He spends 1,000 for itsrepair and sells it for 25,000. What is his gain or loss per cent?

The Banker s discount on a bill due 6 months hence at 16% per annum is 216. The truediscount is :

A discount of 21/2% is given to the customer on the marked price of an article. A man bought the article for 39. The marked price of the article is :

A man sold an article for Rs. 450, after allowing a discount of 162% on3 the printed price. What is that printed price ?

The discount on a certain sum of money,due at the end of 21years at 22 % p.a. is 78.43 Find the sum.

A shopkeeper sold an item for 1,510 after giving a discount of 241% 2and thereby incurred loss of 10%. Had he sold the item without discount, his net profit would have been

The present worth of 920 due at the end of 3 years at 5 % simple interest per annum is :

A company showroom gives a discount of 20% on the second grade shoes and a furtherdiscount of 15% on shareholder s coupon. The total discount, a coupon holder will get is

If the simple interest on a certain sum is due for some years at 6 % is 180, and the discount at 5 % on the same amount is 140. Find the sum and the time.

The banker s gain on a certain sum of money is due for 9 months at 4 % p.a. is 2.25. The sum is :

The present worth of a bill of 1764 due for 2 years at 5 % compound interest is :

The present worth of a sum of money due for 146 days at 5 % is 400. The sum due is :

A banker discounts a 4 months bill at 3 %. If the proceeds be invested in a manner, so that nothing is lost, the interest rate should be :

A man bought a motor-cycle for 32500. He sold it for 35000, allowing the buyer for a 6 months credit. If the money be worth 4 % per annum, the gain percent is :

At a given rate, the simple interest and the true discount on a certain sum, for a given time, are 24 and 22, respectively. The sum is :

A trader allows a trade discount of 20% and a cash discount of 61% on the4marked 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 ?

The holder of a bill for 17850 nominally due on May 21, 1991 received 357 less than the amount of the bill by having it discounted at 5 %. When was it discounted?

If $ 10 be allowed as true discount on a bill of $ 110 due at the end of certain time, then the discount allowed on the same amount due at the end of double the time is :

A merchant allows 5% discount on the marked price of an article to his customers. What price should he mark on an article the cost price of which is 712.50, so as to make a clearprofit of 331% on his outlay ?3

An article is listed at 65. A customer bought this article for 56.16 with two successivediscounts of which one is 10%. The other discount of this discount scheme that was allowed by the shopkeeper is

The marked price of an article is 200. A discount of 121% is allowed on the marked price 2 and a profit of 25% is made. The cost price of the article is :

A shopkeeper purchased a chair marked at 600 at two successive discounts of 15% and20% respectively. He spent 28 on transportation and sold the chair for 545. His gain percent was

A plate was sold for 6,300 after giving two successive discounts of 12 1% and 10%. Find the marked price.2

The list price of an electric fan is Rs. 300. If two successive discounts of 15% and 10% areallowed, its selling price would be

While selling a watch, a shopkeeper gives a discount of 5 % . If he gives a discount of 6 %, he earns 15 less as profit. What is the marked price of the watch ?

A salesman is allowed 51% discount on the total 2 sales madeby him plus a bonus of1% on sales2 over 10,000. If his total earnings were 1,990, his total sales (in ) was

A company offers 3 types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer?

If the discount on $ 249 at 5 % S.I. be $ 9, when is the sum due?

What rate of interest does a man get for his money when in discounting a bill due in 10 months, he deducts 4 % of the amount of the bill?

The banker s gain on a certain sum due in 2 years at 5 % per annum is $ 8. The present worth is :

A owes B $ 1350 due in 3 months and B owes A $ 1078 due 5 months. If they agrees to settle their account right now at 5 % p.a, A should pay to B :

A bill is discounted at 5 % per annum. If banker s discount be allowed, at what rate of interest must the proceeds be invested, so that nothing is lost?

The B.G. on a certain sum due in 5 years is 3/23 of B.D. Here, the rate of interest is :

The B.G. on a sum due 3 years at 10 % is $ 180. The B.D. is :

A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,

What is the rate of interest when the P.W. of $ 1245 due in 15 months is $ 1200?

If the discount on a certain sum in 2 years at a certain rate is $ 150 and the interest in 3 years is $ 240. Find the sum and the rate of interest.

A bill which being due at the end of 4 years is now worth $ 575, but if it is due in 2 years 6 months, it would now be worth $ 620. The sum of the bill is :

Find the present worth (P.W.) and the true discount reckoning 6 % per annum simple interest of $ 176 due in 20 months time.

The discount on $ 5229 due in 1 year 9 months reckoning compound interest at 5 % is :

A retailer offers the following discount schemes for buyers on an article .i. Two successive discounts of 10 % .ii. A discount of 12 % followed by a discount of 8 %.iii. Successive discount of 15 % and 5 % .iv. A discount of 20 % . The selling price will be minimum under the scheme

A shopkeeper marks the price of an item keeping 20% profit. If he offers a discount of 121 % on the marked price, his gain percent will be2

Which of the following successive discounts is better to a customer?(a) 20%, 15%, 10% or(b) 25%, 12%, 8% ?

If an electricity bill is paid before due date, one gets a reduction of 4 % on the amount of the bill . By paying the bill before due date, a person got a reduction of 13 . The amount of his electricity bill was

Successive discounts of 10%, 20% and 30% is equivalent to single discount of?

A shopkeeper has announced 14% rebate on marked price of an article. If the selling price of the article is 645, then the marked price of the article will be?