Important Discount MCQs with Answers and Solutions for all classes of Mathematics and one paper test preparation online.

The formula to calculate the discount is: **Discount = List Price – Selling Price**.

Discount Percentage (%) = **(Discount/List Price) × 100.**

## Discount MCQs

**The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?**

A. 12%

B. 14%**C. 15%**

D. 18%

**A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?**

A. 8%

B. 10%**C. 16%**

D. 20%

**A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =__ ?**

A. Rs. 704

B. Rs. 640**C. Rs. 774**

D. Rs. 680

**A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:**

**A. 0%**

B. 5%

C. 7.5%

D. 10%

**The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is _____?**

A. 12%

B. 13%**C. 15%**

D. 14%

**A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?**

**A. Rs. 12,000 in cash**

B. Rs. 12,880 at credit

C. Both are equally good

D. Rs. 18.33

**If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is:**

A. Rs. 20

B. Rs. 21.81

C. Rs. 22**D. Rs. 18.33**

**The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:**

A. Rs. 1386**B. Rs. 1764**

C. Rs. 1575

D. Rs. 2268

**A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:**

A. gains Rs. 55**B. gains Rs. 50**

C. loses Rs. 30

D. gains Rs. 30

**The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:**

A. 6 months

B. 8 months

C. 9 months**D. 10 months**

**Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?**

A. Rs. 10**B. Rs. 10.40**

C. Rs. 15.20

D. Rs. 13

**The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:**

A. 12%**B. 14%**

C. 15%

D. 16%

**The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is __?**

A. Rs. 1800

B. Rs. 1450**C. Rs. 1360**

D. Rs. 6800

**The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:**

**A. Rs. 1325**

B. Rs. 1300

C. Rs. 1350

D. Rs. 1500

**If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is _____?**

**A. Rs. 768**

B. Rs. 968

C. Rs. 1960

D. Rs. 2400

**A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How much profit or loss does he make, if any ?**

A. 1% gain**B. 1% loss**

C. 5% gain

D. No gain no loss

Also Read: All MCQs related to Math