CRE 2 - Discount | Arithmetic - Profit & Loss
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A trades man charges 20% above cost price. He then allows a discount of 10%. After the whole transaction what will be his gain% or loss%?
- (a)
12% loss
- (b)
10% gain
- (c)
8% gain
- (d)
None of these
Answer: Option C
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A merchant marked his goods 20% above the cost price and sold the goods at a profit of 8%. The rate % of discount is:
- (a)
12%
- (b)
10%
- (c)
15%
- (d)
8%
Answer: Option B
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Two shopkeepers sell the machines at the same list price. The first allows two successive discounts of 30% and 6%; and the second 20% and 16%. Which discount series is more advantageous to the purchaser?
- (a)
305 and 6%
- (b)
20% and 16%
- (c)
Both have same value
- (d)
None of these
Answer: Option A
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The cost price of an article is 80% of its marked price. The dealer allows 15% discount on the marked price. Find the gain or loss percent?
- (a)
25%
- (b)
10%
- (c)
6.25%
- (d)
8.5%
Answer: Option C
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A sewing machine with a marked price of Rs. 400 was being sold at a 10% discount for cash payment and during the stock clearance a further discount was offered so that the machine now cost Rs. 342. What was the second discount offered?
- (a)
2.5%
- (b)
5%
- (c)
7.5%
- (d)
8%
Answer: Option B
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Successive discounts of 30%, 25% and 20% are equivalent to a single discount of
- (a)
58%
- (b)
40.33%
- (c)
41.24%
- (d)
51.26%
- (e)
None of these
Answer: Option A
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The difference between the discounts of 30% on Rs. 1000 and two successive discounts of 20% and 10 % on the same price is
- (a)
Nil
- (b)
Rs. 20
- (c)
Rs. 16.30
- (d)
Rs. 11.85
- (e)
None of these
Answer: Option B
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At what percentage above the cost price must an article be marked so as to gain 36% after allowing a discount of 15%?
- (a)
60%
- (b)
36%
- (c)
39%
- (d)
27.5%
- (e)
None of these
Answer: Option A
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A trader allows two successive discounts of 30% and 15%. If he sells the article for Rs.357, then the marked price of the article is
- (a)
Rs. 420
- (b)
Rs. 546
- (c)
Rs. 755
- (d)
Rs. 600
- (e)
None of these
Answer: Option D
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