Discount (1)

1. A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price?
1. 1000
2. 2000
3. 1200
4. 920

Answer & Explanation

Answer:- 1

Explanation :-

First Discount= 20% of labeled price i.e. SP = 80% of Labeled Price
Second Discount= 12%  of (80% of labeled price)  i.e. Second SP = 88% of 80% of Labeled Price
Therefore
88% of 80% of labeled Price =704
Labeled Price = (704*100*100)/(88*80)
Labeled Price = Rs 1000

 

2. A trader keeps the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
1. None
2. 30%
3. 25%
4. 20%

Answer & Explanation

Answer:- 4

Explanation :-

Let the CP be 100
Therefore , MP=135
To gain 8%,  SP=108
Discount =135-108=27
Discount %age=(100/135)*27=20%

 

3. Arun bought a computer with 15% discount on the labeled price. He sold the computer for Rs.2880 with 20% profit on the labeled price. At what price did he buy the computer?
1. Rs.3000
2. Rs.2080
3. Rs.2040
4. Rs.2000

Answer & Explanation

Answer:- 3

Explanation :-

120% pf Labeled Price=2880
Labeled price =2880*100/120=2400
CP = 2400*85/100=2040

 

4. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?
1.  Rs15
2.  Rs 20
3.  Rs 22
4.  Rs 25
5.  None of these

Answer & Explanation

Answer:- 3

Explanation :-

Discount = 15% of MP
Therefore , MP = (37.40/85)*100=44
MP of Each Article = 44/2 = Rs. 22

 

5. Aditya  bought a pen at 70% of the listed price. He sold it for Rs 350/- which was 20% more than the price he had bought for. What was the listed price?
1. Rs 315.88
2. Rs 320.48
3. Rs 416.66
4. Rs 461.66
5. None of these

Answer & Explanation

Answer:- 3

Explanation :-

CP = 70% of Labeled Price
SP=120% of 70% of Labeled Price
120% of 70% of Labeled Price = Rs. 350
Labeled Price =(350*100*100)/(120*70)
Labeled Price=  Rs. 416.66

 

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