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  • Question
  • Two successive discounts of 20% and 5% are equivalent to a single discount of


  • Options
  • A. 25%
  • B. 24%
  • C. 18%
  • D. 15%

  • Correct Answer
  • 24% 

    Explanation

    Here, r1 = 20% and r2 = 5%
    ? Required percentage
    = r1 + r2 - (r1 x r2)/100%
    = 20 + 5 - (20 x 5)/100
    = 25 - 1
    =24%


  • Discount problems


    Search Results


    • 1. 
      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
    • 2. 
      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
    • 3. 
      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%
    • Discuss
    • 4. 
      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
    • 5. 
      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
    • 6. 
      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
    • 7. 
      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
    • 8. 
      The banker's gain on a certain sum of money is due for 9 months at 4 % p.a. is ?2.25. The sum is :

    • Options
    • A. ?2575
    • B. ?2500
    • C. ?2250
    • D. ?3250
    • Discuss
    • 9. 
      The present worth of a bill of ?1764 due for 2 years at 5 % compound interest is :

    • Options
    • A. ?1650
    • B. ?1700
    • C. ?1600
    • D. ?1714
    • Discuss
    • 10. 
      The present worth of a sum of money due for 146 days at 5 % is ?400. The sum due is :

    • Options
    • A. ?410
    • B. ?408
    • C. ?415
    • D. ?450
    • Discuss


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