True Discount Practice Questions

5 questions per page • Detailed step-by-step solutions

Question 26
Medium
Maha Bazaar offers 20% discount on bags which have been marked 50% above the cost price. Amarnath pays Rs. 840 for a bag. Then the cost price of the bag is = ?
A Rs. 650
B Rs. 700
C Rs. 720
D Rs. 750
Correct Answer: B

Explanation:

Let CP = 100x. MP = 150x. SP = 150x × (1 - 0.20) = 120x. Given 120x = 840 => x = 7. Cost price = 100x = Rs. 700.
Question 27
Medium
A fan is listed at Rs. 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer now to bring the net price to Rs. 1104 ?
A 6%
B 7.5%
C 8%
D 10%
Correct Answer: C

Explanation:

List price = Rs. 1500. Price after 20% discount = 1500 * 0.80 = Rs. 1200. Target net price = Rs. 1104. Additional discount needed = 1200 - 1104 = Rs. 96. Additional discount % = (96 / 1200) * 100 = 8%.
Question 28
Medium
A bicycle, marked at Rs. 2000 is sold with two successive discount of 20% and 10%. An additional discount of 5% is offered for cash payment. The selling price of the bicycle at cash payment is = ?
A Rs. 1324
B Rs. 1368
C Rs. 1400
D Rs. 1440
Correct Answer: B

Explanation:

Net SP = 2000 × (1 - 0.20) × (1 - 0.10) × (1 - 0.05) = 2000 × 0.80 × 0.90 × 0.95 = 1440 × 0.95 = Rs. 1368.
Question 29
Easy
If a dining table with marked price Rs. 6,000 was sold to a customer for Rs. 5,520, then the rate of discount allowed on the marked price of the table is:
A 7%
B 8%
C 8.5%
D 9%
Correct Answer: B

Explanation:

Discount = 6000 - 5520 = Rs. 480. Rate of discount = (480 / 6000) × 100 = 8%.
Question 30
Easy
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A 12%
B 15%
C 16%
D 18%
Correct Answer: B

Explanation:

Amount (A) = Rs. 2562, True Discount (TD) = Rs. 122. Present Worth (PW) = Amount - TD = 2562 - 122 = Rs. 2440. Time T = 4 months = 4/12 = 1/3 year. Since TD is the simple interest on PW: Rate R = (100 * TD) / (PW * T) = (100 * 122) / (2440 * 1/3) = 12200 / (2440 / 3) = (12200 * 3) / 2440 = 36600 / 2440 = 15%.