Discount Questions with Solutions for Competitive Exams. Important and repeated question with answer and solution for SSC CGL, CPO, CHSL, IBPS Bank, NRA CET, UPSSSC PET and other govt jobs examinations.
Successive Discount : Questions with Solutions
Short Trick Formula Equivalent single discount for two successive discounts of x% and y%
Q.1: Successive discounts of 20% and 10% are equivalent to a single discount of :
a) 15%
b) 28%
c) 25%
d) 30%
Let Price is 100
New price after 20% discount = 80
10% discount on 80 = 8,
Price after both discount = 80-8 =72
Total discount = 100-72 = 28%
Alternate method
20 + 10% of 80 = 28%
Short Trick
Formula for successive discount x and y
%=>
= 28%Q.2: A single discount equivalent to the series of discounts 20%, 10% and 5% is equal to :
a) 32%
b) 30%
c) 30.7%
d) 31.6%
20 + 10% of 80 = 28%
28 + 5% of 72 = 28+3.6 = 31.6%
Trick
= 28% 
= 31.6%Q. 3: A store has an offer ‘Buy 4 Get 1 Free’. What is the net percentage of discount?
a) 10%
b) 15%
c) 20%
d) 23%
Q.4: A scooter is sold at three successive discounts of 10%, 5% and 2%. If the marked price of the scooter is ₹18,000, find its net selling price.
a) ₹ 15,028.20
b) ₹ 15,082.00
c) ₹ 15,082.20
d) ₹ 15,080.00
Price after 10% discount = 18000 – 1800 = 16200
Price after 5% discount = 16200 – 810 =15390
Price after 2% discount = 15390 – 307.80 =1582.20
Short Trick Formula
SP = MP
Q.5: A sofa-set listed at ₹800 is sold to a retailer at successive discounts of 25% and 15% by the wholesaler. Then the cost price of the sofa-set for retailer is :
a) ₹500
b) ₹510
c) ₹550
d) ₹560
=
Finding the Loss/Gain Percentage when Market Price is x% higher of CP and Discount of y% is given on the Market Price
Q.6: A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5%. The percentage of his profit is :
a) 15%
b) 20%
c) 10%
d) 14%
Let CP is 100
Marked price is 120
5% discount on 120 = 6
New Price = 120 – 6 = 114
Profit percentage = 114-100 = 14%
Trick :
Gain % =
%Q.7: The marked price is 20% higher than cost price. A discount of 20% is given on the marked price. By this type of sale, there is :
a) 4% loss
b) 2% loss
c) No loss no gain
d) 4% gain
Gain percentage =
%A Shopkeeper Earns a Profit of x% after allowing a Discount of y% on the Printed Price
Q.8: A man allows a discount of 10% on a book whose marked price is ₹40. What is the cost price so that the profit is 20%?
a) ₹ 35
b) ₹ 40
c) ₹ 30
d) ₹ 45
Q.9 : After allowing 10% discount, a dealer wishes to sell a machine for ₹2700. At what price must the machine be marked?
a) ₹ 2700
b) ₹ 2870
c) ₹ 2460
d) ₹ 3000
Q.10: A merchant offers 8% discount on all his goods and still makes a profit of 15%. If an item is marked ₹ 250, then its cost price is :
a) ₹180
b) ₹200
c) ₹230
d) ₹187
Discount Mixed Problems on Marked Price : Questions with Solutions
Q.11: The marked price of a CD is ₹ 250. It is sold for ₹225. The rate of discount is:
a) 2.5%
b) 10%
c) 25%
d) 11.12%
Q.12: A seller gains 20% profit even after allowing 10% discount, if the amount of profit on a TV set is ₹750, then the marked price of the TV set is :
a) ₹ 5200
b) ₹ 5000
c) ₹ 4800
d) ₹ 5500
20% of CP = 750, CP = 3750
90% of Marked Price = 120% of 3750 (CP)
Marked Price =
Q.13: The marked price of an item is twice the cost price. For a gain of 15%, the discount should be:
a) 7.5%
b) 20.5%
c) 32.5%
d) 42.5%
Q.14: If a discount of 20% on the marked price of a shirt saves a man ₹150, how much did he pay for the shirt?
a) ₹ 600
b) ₹ 650
c) ₹ 500
d) ₹ 620
Q.15: A trader marked the price of his commodity so as to include a profit of 25%. He allowed a discount of 16% on the marked price. His actual profit was
a) 5%
b) 9%
c) 16%
d) 25%
Q.16: A fan is listed at ₹1400 and the discount offered is 10%. What additional discount must be given to bring the net selling price to ₹1200?
a) 
b) 5%
c) 
d) 6%
% Marked Price = 1400
After 10% discount = 1400-140=1260
Second discount = 1260-1200 = ₹60
Second discount % =
%Thanks for attempt Discount Questions with Solutions for Competitive Exams.
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