Aptitude Questions on discount and formulas, Discount MCQ Online Test
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.
If Marked Price = (MP), Selling Price = (SP),
Then, Discount = MP – SP and
Discount % = $\text"Discount"/\text"MP" × 100$
Discount % = $\text"Marked Price - Selling Price"/\text"Marked Price" × 100$
If article is sold on D% discount, then
SP = ${\text"MP"(100 - D)}/100$
MP = ${\text"SP" × 100}/{100 - D}$
When successive Discounts $D_1, D_2, D_3$, so on, are given then
SP = MP$({100 - D_1}/100)({100 - D_2}/100)({100 - D_3}/100)$
If $D_1, D_2, D_3$ are successive discounts, then equivalent discount/overall discount is (in percentage)
Overall Dicount = 100 - $[({100 - D_1}/100)({100 - D_2}/100)({100 - D_3}/100) × 100]$
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)
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.
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Online Test - 1 (Discount) TAKE TEST
Number of questions : 20 | Time : 30 minutes |
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Online Test - 2 (Discount) TAKE TEST
Number of questions : 20 | Time : 30 minutes |
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Online Test - 3 (Discount) TAKE TEST
Number of questions : 20 | Time : 30 minutes |
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Online Test - 4 (Discount) TAKE TEST
Number of questions : 20 | Time : 30 minutes |
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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%
Answer & Solution
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
Answer & Solution
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
Answer & Solution
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
Answer & Solution
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
Answer & Solution
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
Answer & Solution
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