Aptitude Questions on discount and formulas, Discount MCQ Online Test

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Welcome to freeonlinetest online exam portal, In this section you will learn about the Discount Question and Answer, formulas, shortcut tips, Aptitude Discount Problems, Pdf download for Offline practice.

Here also you will get 20+ Discount MCQ Online Test for Upcoming exams in 2023-2024.

Some helpful formulas, tricks on Discount- Quantitative Aptitude

Before going for the practice test, read these shortcuts and Tips carefully. Here you will get 500+ discount Aptitude Problems With formulae. As you know Discount on Aptitude is one of the important topics for competitive exams like Banking, SSC CGL, SSC MTS, SSC Group D, Railway Group D, Police Constable Exams, etc. So practice this & Get Good Marks in your Upcoming Exams.

Formula & Shortcut Tip-1

If Marked Price = (MP), Selling Price = (SP),

Then, Discount = MP – SP and

Discount % = $\text"Discount"/\text"MP" × 100$

Discount % = $\text"Marked Price - Selling Price"/\text"Marked Price" × 100$

Formula & Shortcut Tip-2

If article is sold on D% discount, then

SP = ${\text"MP"(100 - D)}/100$

MP = ${\text"SP" × 100}/{100 - D}$

Formula & Shortcut Tip-3

When successive Discounts $D_1, D_2, D_3$, so on, are given then

SP = MP$({100 - D_1}/100)({100 - D_2}/100)({100 - D_3}/100)$

Formula & Shortcut Tip-4

If $D_1, D_2, D_3$ are successive discounts, then equivalent discount/overall discount is (in percentage)

Overall Dicount = 100 - $[({100 - D_1}/100)({100 - D_2}/100)({100 - D_3}/100) × 100]$

Formula & Shortcut Tip-5

If r% of profit or loss occur after giving D% discount on marked price, then

$\text"MP"/\text"CP" = {100 ± r}/{100 - D}$

(+ve sign for profit and -ve sign for loss)

Formula & Shortcut Tip-6

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,

Marked price of the article = $({r + R}/{100 - r} × 100)$% more than its cost price.

 Online Test - 1 (Discount) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 2 (Discount) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 3 (Discount) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 4 (Discount) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 5 (Discount) TAKE TEST Number of questions : 20  |  Time : 30 minutes

Aptitude Questions on Discount And Explanation

Question-1)

A trader sells his goods at a discount of 20%. He still makes a profit of 25%. If he sells the goods at the marked price only, his profit will be

A) 34.25%

B) 45.40%

C) 56.25%

D) 65.35%

Ans-C

Here, D = 20% r = 25%

Let, M.P. be Rs.100

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$100/\text"CP" = {100 + 25}/{100 - 20}$

C.P. = ${100 × 80}/125$

C.P. = Rs.64

Profit = 100 - 64 = 36

Gain % = $36/64 × 100%$ = 56.25%

Question-2)

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is

A) 15 : 27

B) 25 : 42

C) 35 : 52

D) 45 : 56

Ans-D

Here, r = 12% D = 10%

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$\text"MP"/\text"CP" = {100 + 12}/{100 - 10}$

$\text"MP"/\text"CP" = 112/90$

$\text"CP"/\text"MP" = 90/112$

$\text"CP"/\text"MP" = 45/56$

C.P. : M.P. = 45 : 56

Question-3)

A shopkeeper offers 10% discount on the marked price of his articles and still makes a profit of 20%. What is the actual cost of the article marked Rs.500 for him ?

A)Rs.375

B)Rs.450

C)Rs.470

D)Rs.350

Ans-A

Let the cost price of article be x

$500 × 90/100 = 120/100 × x$

450 = ${6x}/5$

$x = {450 × 5}/6$ = Rs.375

Question-4)

A grinder was marked at Rs.3,600. After given a discount of 10% the dealer made a profit of 8%. Calculate the cost price.

A)Rs.2,000

B)Rs.3,000

C)Rs.4,000

D)Rs.5,000

Ans-B

M.P. = Rs.3600, D = 10%,

r = 8%, C.P. = ?

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$3600/\text"CP" = {100 + 8}/{100 - 10}$

C.P. = ${3600 × 90}/108$

= ${3600 × 10}/12$ = Rs.3000

Question-5)

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.560

B) Rs.640

C) Rs.720

D) Rs.800

Ans-B

Here, r = 10%, D = 20%, M.P. = Rs.880, C.P. = ?

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$880/\text"C.P." = {100 + 10}/{100 - 20}$

C.P. = ${880 × 80}/110$

C.P. = Rs.640

Question-6)

The cost of manufacturing an article was Rs.900. The trader wants to gain 25% after giving a discount of 10%. The marked price must be

A) Rs.1050

B) Rs.1120

C) Rs.1150

D) Rs.1250

Ans-D

CP = Rs.900

S.P. = 125% of 900

= $({900 × 125}/100)$ = Rs.1125

Let the marked price be x

90% of x = Rs.1125

$x = {1125 × 100}/90$ = Rs.1250