Discount is one of the most important topics of Quantitative Aptitude section. Discount means reducing the price or value of an object or item. The concept of discount plays a crucial role in solving questions related to marked price, selling price, profit and loss.
These given Discount Questions and Answers can be easily solved using the short tricks and if you know the concept of solving, then less time will be consumed during the examination time.
Know About Discount Term
The reduction made on the ‘marked price’ of an article is called the discount. When no discount is given, ‘selling price’ is the same as ‘marked price’.
Discount = Marked price × Rate of discount.
S.P. = M.P. – Discount.
Discount % =
Discount Short Tricks:
(i) Buy x get y free i.e., if x + y articles are sold at cost price of x articles, then the percentage discount
(ii) In case of successive discounts a% and b%, the effective discount is:
(iii) If the list price of an item is given and discounts d₁and d₂ are given successively on it then, Final price
Questions and Answers
Answers for these questions are available at the end.
Question 1) The marked price of a chair was Rs 12,800/-. The shopkeeper was offering it for a discount of 20% but on further bargaining agreed to offer a successive discount and finally sold the chair for Rs 9,216/- What was the second discount offered by him?
Question 2) The marked price on an item was Rs 2000/- but the shopkeeper offered a double discount of 20% and 15%. How much did he finally sell the item for?
- Rs. 640
- Rs. 1300
- Rs. 1360
- Rs. 1600
Question 3) Find the single equivalent discount of 10%, 15% and 20%.
- None of the above
Question 4) A man wanted to sell his bat at 5% discount. His brother who was a cricketer wanted to buy that bat so the man sells it at 8% discount. In this deal, the man makes Rs 60/- less in profit. How much was the marked price of the bat?
- Rs. 1800
- Rs. 2000
- Rs. 6000
- Rs. 9000
Question 5) The cost of a watch is Rs. 900. To make the deal attractive to its customers, the shop sells it at a discount of 12% and still makes a profit of 10%. What is the advertised price?
- Rs. 812.5
- Rs. 1050
- Rs. 1125
- Rs. 1225
Question 6) What will be the difference between single discount of 30% on Rs. 2000 and 2 successive discounts of 15% and 15%?
- Rs. 0
- Rs. 10
- Rs. 45
- Rs. 150
Question 7) One shopkeeper keeper was offering two successive discounts of 15% and 10% on an item while the second one is offering flat 25% discount on the same item. Which shopkeeper should I buy the item from?
- First Shopkeeper
- Second Shopkeeper
- Any of them; both are same
- Data Insufficient
Question 8) The cost price of the goods for a shopkeeper was X. He marked them at a 20% higher price than the Cost Price. Finally he sold the goods at 30% discount. Did he earn a profit or incur a loss? How much?
- 5% Profit
- 5.5% Profit
- 10% Loss
- 16% Loss
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Question 9) While selling a jug online, the seller offered a discount of 23% but managed to make a profit of 10% which translates into Rs 77/-. What was the list price of the jug?
- Rs. 770
- Rs. 847
- Rs. 1100
- Rs. 1120
Question 10) By what percentage should the cost price of an article be increased, so as to earn a profit of 20% even after allowing a discount of 40% on the price marked on the article?
Question 11) Applied to a bill for Rs. 50000. Find the difference between a discount of 25 % to that of two successive discounts of 20 % and 10 %?
- Rs. 2250
- Rs. 1500
- Rs. 1750
- Rs. 1800
Question 12) If Ram sells each chair and table bought by him at discount of 25% and 20% respectively after marking up the prices of both by 50% and gives one 1 chair free for every 4 tables bought by a customer, then what is the net profit/loss % made by Ram after selling all of the items which he bought from the shopkeeper?
Question 13) Megha bought some toys at 20% discount on the original price. The original price of each toy was Rs. 40. If she made a total savings of Rs.240, how many toys did she buy?
Question 14) The single discount equivalent to the discount series of 20%, 10% and 5% is
Question 15) A shopkeeper buys some vegetables at a discount of 15% on label price if he wants to make a profit of 20% after allowing a discount of 10%, then by what % should his marked price be greater than the original labelled price?
Question 16) Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt, if its marked price is Rs. 850?
- Rs. 650
- Rs. 720
- Rs. 700
- Rs. 680
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Question 17) A bookseller marks his books at an advance of 69% on the actual cost of production. He allows a discount of 15% and also given a copy free for every dozen sold at a time. What rate per cent profit does the bookseller make, if books are sold in lots of 12? ( upto one decimal point)
- Cannot be determined
Question 18) A dealer purchased LG Refrigerator for Rs. 7660. He allows a discount of 12% on its marked price and still gains 10%. Find the marked price of the Refrigerator.
Question 19) A trader marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent?
Question 20) Find the discount percentage which is equivalent for two successive discount of 10 % on a product worth Rs. 10,800
|Ans1) 2||Ans11) 2|
|Ans2) 3||Ans12) 4|
|Ans3) 1||Ans13) 1|
|Ans4) 2||Ans14) 2|
|Ans5) 3||Ans15) 3|
|Ans6) 3||Ans16) 4|
|Ans7) 2||Ans17) 1|
|Ans8) 4||Ans18) 1|
|Ans9) 3||Ans19) 2|
|Ans10) 4||Ans20) 4|
We hope that the Discount Questions and Answers provided on this page of recruitmentresult.com seems to be useful for the candidates, while they are preparing for Quantitative Aptitude section of the competitive examination.
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