Discount
- A merchant marked the price on his goods 20% more than its cost price and allows a discount of 15%. His gain percent is
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Here, r = 20% and r1 = 15%
Required profit per cent =[ r(100 - r1)/100] - r1
= [20(100 - 15)/100] - 15Correct Option: B
Here, r = 20% and r1 = 15%
Required profit per cent =[ r(100 - r1)/100] - r1
= [20(100 - 15)/100] - 15
= 17 - 15
= 2%
- The difference between a discount of 40% on ₹ 500 and two successive discounts of 36% and 4% on the same amount is?
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∵ Single discount equivalent to 36% and 4%
= 36 + 4 - {(36 x 4)/100} = 38.56Correct Option: D
∵ Single discount equivalent to 36% and 4%
= 36 + 4 - {(36 x 4)/100} = 38.56
∴ Required difference
= {(40 - 38.56) x 500}/100 = 1.44 x 5 = ₹ 7.20
- 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?
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∵ Marked price of a shirt = ₹ 320
Discount on a shirt = 320 x 25/100 = ₹ 80Correct Option: D
∵ Marked price of a shirt = ₹ 320
Discount on a shirt = 320 x 25/100 = ₹ 80
∴ Number of shirts has to be purchased to get a rebate of ₹ 400 = 400/80 = 5
- A shopkeeper has announced 14% rebate on marked price of an article. If the selling price of the article is ₹ 645, then the marked price of the article will be?
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Let the marked price of item = ₹ N
∴ {(100 - 14) /100 } of N = 645Correct Option: C
Let the marked price of item = ₹ N
∴ {(100 - 14) /100 } of N = 645
⇒ N = (645 x 100)/86 = ₹ 750
- Successive discounts of 10%, 20% and 30% is equivalent to single discount of?
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Here, r1 = 10 %, r2 = 20% and r3 = 30%
∴ Required discount
= [1 - (1 - r1/100) (1 - r2/100) (1 - r3/100)] x 100%Correct Option: B
Here, r1 = 10 %, r2 = 20% and r3 = 30%
∴ Required discount
= [1 - (1 - r1/100) (1 - r2/100) (1 - r3/100)] x 100%
= [1 - (1 -10/100) (1 - 20/100) (1 - 30/100)] x 100%
= {1 - (9/10) x (4/5) x (7/10)} x 100%
= (1 - 0.504) x 100% = 49.6%