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  • Question
  • A merchant marked the price on his goods 20% more than its cost price and allows a discount of 15%. His gain percent is


  • Options
  • A. 1%
  • B. 2%
  • C. 10%
  • D. 15%

  • Correct Answer
  • 2% 

    Explanation

    Here, r = 20% and r1 = 15%
    Required profit per cent =[ r(100 - r1)/100] - r1
    = [20(100 - 15)/100] - 15
    = 17 - 15
    = 2%


  • Discount problems


    Search Results


    • 1. 
      The difference between a discount of 40% on ? 500 and two successive discounts of 36% and 4% on the same amount is?

    • Options
    • A. ? 0
    • B. ? 2
    • C. ? 1.93
    • D. ? 7.20
    • Discuss
    • 2. 
      A merchant has announced 25% rebate on prices of ready made garments at the time of sale. If a purchaser needs to have a rebate of ? 400, then how many shirts, each costing ? 320, should he purchase?

    • Options
    • A. 10
    • B. 7
    • C. 6
    • D. 5
    • Discuss
    • 3. 
      A shopkeeper has announced 14% rebate on marked price of an article. If the selling price of the article is ? 645, then the marked price of the article will be?

    • Options
    • A. ? 800
    • B. ? 810
    • C. ? 750
    • D. ? 775
    • Discuss
    • 4. 
      Successive discounts of 10%, 20% and 30% is equivalent to single discount of?

    • Options
    • A. 60%
    • B. 49.6%
    • C. 40.5%
    • D. 36%
    • Discuss
    • 5. 
      If an electricity bill is paid before due date, one gets a reduction of 4 % on the amount of the bill . By paying the bill before due date, a person got a reduction of ? 13 . The amount of his electricity bill was

    • Options
    • A. ? 125
    • B. ? 225
    • C. ? 325
    • D. ? 425
    • Discuss
    • 6. 
      Rita bought a television set with 20% discount on the labelled price. She made a profit of ? 800 by selling it for ? 16800. The labelled price of the set was

    • Options
    • A. ? 10000
    • B. ? 20000
    • C. ? 20800
    • D. ? 24000
    • Discuss
    • 7. 
      The marked price of an article is ? 500. It is sold on two successive discounts of 20% and 10%. The selling price of that article is

    • Options
    • A. ? 350
    • B. ? 375
    • C. ? 360
    • D. ? 400
    • Discuss
    • 8. 
      Two successive discounts of 20% and 5% are equivalent to a single discount of

    • Options
    • A. 25%
    • B. 24%
    • C. 18%
    • D. 15%
    • Discuss
    • 9. 
      The present worth of ? 920 due at the end of 3 years at 5 % simple interest per annum is :

    • Options
    • A. ?780
    • B. ?850
    • C. ?800
    • D. ?810
    • Discuss
    • 10. 
      If the simple interest on a certain sum is due for some years at 6 % is ?180, and the discount at 5 % on the same amount is ?140. Find the sum and the time.

    • Options
    • A. ? 2100 and 1 3 Year 7
    • B. ? 2200 and 2 3 Year 7
    • C. ? 2000 and 2 3 Year 7
    • D. ? 2300 and 1 3 Year 7
    • Discuss


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