model 4 mixed discount problems of marked price Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 4 EXERCISES

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The following question based on discount topic of quantitative aptitude

Questions : While selling a shirt, a shopkeeper gives a discount of 7%. If he had given a discount of 9% he would have got Rs.15 less as profit. The marked price of the shirt is

(a) Rs.720

(b) Rs.750

(c) Rs.600

(d) Rs.712.50

The correct answers to the above question in:

Answer: (b)

Let the marked price of the shirt be x.

Difference of discounts = 2%

2% of x = 15

${x × 2}/100$ = 15

$x = {15 × 100}/2$ = Rs.750

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Read more mixed problems on marked price Based Quantitative Aptitude Questions and Answers

Question : 1

A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is increased above the cost price by

a) 39%

b) 40%

c) 20%

d) 50%

Answer: (d)

Let the C.P. of each article be Rs.1

For 15 books, the tradesman gives 1 book free.

C.P. of 15 books = Rs.16

S.P. of 15 books

= $16 × 135/100$ = Rs.$108/5$

S.P. of 1 book

= $108/{5 × 15}$ = Rs.$36/25$

Now, 96% of marked price = $36/25$

Marked price

= ${36 × 100}/{25 × 96} = 3/2 = Rs.1.5$

The required % increase

= ${0.5}/1 × 100$ = 50%

Question : 2

A fan is listed at Rs.1,500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer now to bring the net price to Rs.1,104 ?

a) 10%

b) 8%

c) 12%

d) 15%

Answer: (b)

First discount = 20%

Price after first discount

= Rs.$(1500 - 20/100 × 1500)$

= Rs.(1500 - 300) = Rs.1200

Let the additional discount be x%

$(1200 - {x × 1200}/100)$ = 1104

1200 - 12x = 1104

12x = 1200 - 1104 = 96

$x = 96/12 = 8%$

Question : 3

The printed price of an article is Rs.900 but the retailer gets a discount of 40%. He sells the article for Rs.900. Retailer's gain per cent is :

a) 60%

b) 40%

c) 68$1/3$%

d) 66$2/3$%

Answer: (d)

Printed price = Rs.900

On 40% discount

= $900 - {900 × 40}/100$ = 900 - 360

C.P. for retailer = 540

S.P. = 900

Profit = 900 - 540 = 360

Gain % = ${360 × 100}/540$

= $200/3 = 66{2}/3$%

Question : 4

A man buys an article for Rs.80 and marks it at Rs.120. He then allows a discount of 40%. What is the loss or gain per cent ?

a) 12% loss

b) 12% gain

c) 10% loss

d) 10% gain

Answer: (c)

Discount = $120 × 40/100$ = Rs.48

S.P. = Rs.(120 - 48) = Rs.72

Loss = 80 - 72 = Rs.8

Loss % = $8/80 × 100 = 10$%

Using Rule 6,
If r% of profit or loss occur after giving D% discount on marked price, then
$\text"MP"/\text"CP" = {100 ± r}/{100 - D}$
(positive sign for profit and negative for loss)

Here, C.P. = Rs.80, M.P. = Rs.120, D = 40%

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$120/80 = {100 + r}/{100 - 40}$

$3/2 = {100 + r}/60$

90 = 100 + r

r =–10% (–ve sign shows loss)

Loss = 10%

Question : 5

A discount of 14% on the marked price of an article is allowed and then the article is sold for Rs.387. The marked price of the article is

a) Rs.427

b) Rs.450

c) Rs.440

d) Rs.500

Answer: (b)

Let the marked price be x

86% of x = 387

$x = {387 × 100}/86$ = Rs.450

Using Rule 2,
If article is sold on D% discount, then
SP = ${\text"MP"(100 - D)}/100$
MP = ${\text"SP" × 100}/{100 - D}$

Here, D = 14%, S.P. = Rs.387, M.P. = ?

M.P. = ${\text"SP" × 100}/{100 - D}$

= ${387 × 100}/{100 - 14}$

= $38700/86$ = Rs.450

Question : 6

A shopkeeper allows 4% discount on his marked price. If the cost price of an article is Rs.100 and he has to make a profit of 20%, then his marked price must be

a) Rs.120

b) Rs.96

c) Rs.130

d) Rs.125

Answer: (d)

Let the marked price of the article be x

According to the question,

96% of x = 120% of 100

$x × 96/100 = {100 × 120}/100$

$x = {100 × 120}/100$ = Rs.125

Using Rule 6,

Here, r = 20%, D = 4%,

C.P. = Rs.100, M.P. = ?

$\text"MP"/\text"CP" = {100 + r}/{100 - D}$

$\text"MP"/100 = {100 + 20}/{100 - 4}$

M.P. = ${120 × 100}/96$

= $1000/8$ = Rs.125

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