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Quantitative Aptitude > Discount

TRUE DISCOUNT MCQs

Total Questions : 223 | Page 4 of 23 pages
Question 31. If the discount is equal to one fifth of the marked price and the loss is half the discount, then the percentage of loss is
  1.    11$1/9$%
  2.    13$1/9$%
  3.    12$1/9$%
  4.    10$1/9$%
 Discuss Question
Answer: Option A. -> 11$1/9$%
Answer: (a)Marked price = Rs.xDiscount = Rs.$x/5$S.P. = $x - x/5 = Rs.{4x}/5$Loss = Rs.$x/10$C.P. = ${4x}/5 + x/10$= ${8x + x}/10 = Rs.{9x}/10$Loss per cent = ${x/10}/{{9x}/10} × 100$= $100/9 = 11{1}/9$%
Question 32. A merchant allows a discount of 10% on marked price for the cash payment. To make a profit of 17%, he must mark his goods higher than their cost price by
  1.    40%
  2.    30%
  3.    27%
  4.    33%
 Discuss Question
Answer: Option B. -> 30%
Answer: (b)C.P. of article = Rs.100Let marked price of article x.$x × 90/100 = 117$$x = {117 × 100}/90$= Rs.130 or 30% above the cost price.Using Rule 8,Here, $r_1$ = 10%, gain % = 17%, r = ?Gain % = ${r × (100 - r_1)}/100 - r_1$17 = ${r × (100 - 10)}/100 - 10$27 = ${r × 90}/100$ ⇒ r = 30%
Question 33. A merchant marks his goods 40% above the cost price and sells them at a discount of 15%. Find his gain %.
  1.    22%
  2.    20%
  3.    19%
  4.    25%
 Discuss Question
Answer: Option C. -> 19%
Answer: (c)Let the C.P. of each article be Rs.100.Marked price = Rs.140S.P. = ${140 × 85}/100$ = Rs.119Gain per cent = 19%Using Rule 8,Here, r = 40%, $r_1$ = 15%Gain % = ${r × (100 - r_1)}/100 - r_1$= ${40 × (100 - 15)}/100 - 15$= ${40 × 85}/100 - 15$= $3400/100$ - 15 = 19%
Question 34. A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit percent does he make?
  1.    12%
  2.    8%
  3.    10%
  4.    18%
 Discuss Question
Answer: Option B. -> 8%
Answer: (b)Gain % = $20 - 10 - {20 × 10}/100$= 20 - 12 = 8%Using Rule 8,Here, r = 20%, $r_1$ = 10%Profit or loss= ${r × (100 - r_1)}/100 - r_1$= ${20 × (100 - 10)}/100 - 10$= 18 - 10 = 8% profit.
Question 35. A shopkeeper allows a discount of 10% on the marked price of an item but charges a sales tax of 8% on the discounted price. If the customer pays Rs.3,402 as the price including the sales tax, then the marked price is
  1.    Rs.3,500
  2.    Rs.3,800
  3.    Rs.3,600
  4.    Rs.3,400
 Discuss Question
Answer: Option A. -> Rs.3,500
Answer: (a)Marked price of article = Rs.x (let)S.P. of article= Rs.$(x × 90/100 × 108/100)$$x × 90/100 × 108/100$ = 3402$x = {3402 × 100 × 100}/{90 × 108}$$x$ = Rs.3500
Question 36. A shopkeeper marks his goods 20% above his cost price and gives 15% discount on the marked price. His gain percent is
  1.    1%
  2.    2%
  3.    5%
  4.    4%
 Discuss Question
Answer: Option B. -> 2%
Answer: (b)If the C.P. of goods be Rs.100, thenMarked price = Rs.120S.P. = ${120 × 85}/100$ = Rs.102Hence, Profit per cent = 2% Using Rule 8,A tradesman marks his goods r% above his cost price. If he allows his customers a discount of $r_1$% on the marked price. Then is profit or loss per cent is${r × (100 - r_1)}/100 - r_1$(Positive sign signifies profit and negative sign signifies loss).
Question 37. An article of cost price Rs.8,000 is marked at Rs.11,200. After allowing a discount of x% a profit of 12% is made. The value of x is
  1.    23%
  2.    22%
  3.    21%
  4.    20%
 Discuss Question
Answer: Option D. -> 20%
Answer: (d)S.P. for a profit of 12%= ${8000 × 112}/100$ = Rs.8960Discount = 11200 - 8960 = Rs.2240If the discount per cent be x, then${11200 × x}/100 = 2240$$x = {2240 × 100}/11200 = 20%$Using Rule 6,Here, M.P. = Rs.11200, C.P. = Rs.8000r =12% D = x%$\text"MP"/\text"CP" = {100 + r}/{100 - D}$$11200/8000 = {100 + 12}/{100 - x}$= $11200/8000 = 112/{100 - x}$100 - x = 80 ⇒ x = 20%
Question 38. The marked price of an electric iron is Rs.690. The shopkeeper allows a discount of 10% and gains 8%. If no discount is allowed, his gain per cent would be
  1.    28%
  2.    25%
  3.    20%
  4.    24%
 Discuss Question
Answer: Option C. -> 20%
Answer: (c)Marked price = Rs.690Discount = 10%SP = ${690 × 90}/100$ = Rs.621Profit = 8%CP = $621/108 × 100$ = Rs.575Profit without discount= 690 - 575 = Rs.115Profit per cent= $115/575 × 100$ = 20%Using Rule 9,The marked price of an article is fixed in such a way that after allowing a discount of r% a profit of R% is obtained. Then the marked price of the article is $({r + R}/{100 - r} × 100)$% more than its cost price.
Question 39. How much percent more than the cost price should a shopkeeper mark his goods so that after allowing a discount of 25% on the marked price, he gains 20% ?
  1.    55%
  2.    60%
  3.    70%
  4.    50%
 Discuss Question
Answer: Option B. -> 60%
Answer: (b)Let C.P.of article = Rs.100If the marked price of article be x, then$x × 75/100$ = 120$x = {120 × 100}/75$ = 160i.e. 60% above the cost priceUsing Rule 9,r = 25%, R = 20%Required percentage= $({r + R}/{100 - r} × 100)$%= $({25 + 20}/{100 - 25} × 100)$%= $45/75 × 100$ = 60%
Question 40. The marked price of a radio is Rs.4,800. The shopkeeper allows a discount of 10% and gains 8%. If no discount is allowed, his gain per cent will be
  1.    25%
  2.    22%
  3.    18%
  4.    20%
 Discuss Question
Answer: Option D. -> 20%
Answer: (d)Let CP of radio be Rs.x.According to the question,${108x}/100 = 4800 × 90/100 = 4320$$x {4320 × 100}/108$ = Rs.4000If no discount is allowed,Gain per cent= $800/4000 × 100 = 20%$Using Rule 6,M.P. = Rs.4800, D = 10%, r = 8%$\text"MP"/\text"CP" = {100 + r}/{100 - D}$$4800/\text"CP" = {100 + 8}/{100 - 10}$C.P. = ${4800 × 90}/108$C.P. = 4000Gain % (without discount)= ${4800 - 4000}/4000 × 100$= $800/4000 × 100$ = 20%

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