Quant Booster Dose – Profit and Loss Discount Questions PDF
Profit and Loss Discount Question PDF with Answers for government exams like SSC, Railways, Banking, FCI, CWC, Insurance Exams, UPSC, and other state PCS exams. As we all know in many competitive exams in Quantitative Aptitude/ Numerical Ability subject Compound Interest Questions asked repeatedly, so you cannot ignore the Profit and Loss Discount Questions PDF.
As questions are based on previous year papers, there are chances that candidates will find many questions from the Profit and Loss Discount Questions with Answers PDF in all competitive Exams. If you check the last 4-5 year’s papers of SSC, Railways and Banking Exams, you will find that many different types of Profit and Loss Discount questions are asked. Today we have compiled “350+ Profit and Loss Discount Questions PDF with Answers for SSC, Railway & Banking Exam”. You can download Free Profit and Loss Discount Questions with Solution so that you get all the important questions at one place. And it will become very easy for you guys to revise them.
Profit and Loss Discount Questions PDF for SSC, Railways and Banking Exams
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Profit and Loss Discount Questions with Answers | Download Free PDF
What is Discount?
Discount is the reduction in the price of an object or service that is used to increase the sales of any business and helps to retain customers in a business. The price at which a retailer gets the object from the manufacturer is called the cost price and after factoring its transportation cost, damage, and profit the price increased by the retailer is called the Marked Price(MP) of the object. The discount is always given on the MP of the object. Discount is given by the retailer when he wants to remove its inventory faster or wants to increase its sales.
Selling price of the object is the price of the object after the discount. Discount is given represented as ‘Off’. Discount is always given as a percentage, for example, 50% Off, means indicates that the object is selling at 50% price less than its MRP. Here, 50% is the discount given on the object.
Discount = Marked Price – Selling Price
The discount is always calculated on the listed price while considering the selling price.
‘Listed price’ is the usual price of a commodity not inclusive of any discount.
‘Selling price’ is the amount we actually pay to acquire the commodity when we buy.
Formulas for Discount Questions
Various Formula that are used to find the discount on various objects are,
Discount = Marked Price – Selling Price
Discount = List Price – Selling Price
Discount(%) = (Discount/Marked Price) × 100
Discount Rate Formula
Discount rate is the rate of the article that is calculated after the discount. Suppose a retailer gives a 10% discount on an object then the price of the object after the discount is the selling price and the discount rate is the deduction offered by the retailer. The discount rate is calculated using the formula as,
- Discount Rate = Marked price – Selling price
In percentage discount rate is calculated as,
- Discount(%) = (MP – SP)/MP × 100
- Discount (%) = Discount/MP × 100
Successive Discount Formula
Successive Discount means the discount given on the discounted item. It is similar to the compound interest which is similar to interest on interest. To calculate the successive discount given on any object we use the formula as, suppose a discount of x% and y% is offered on an object then successive discount formula for total discount is,
Total Discount = (x + y -xy/100)%
Profit and Loss Discount Practice Questions with Answers
1. If the selling price of an article is 8% more than the cost price and the discount offered is 10% on the marked price of the article, then what is the ratio of the cost price to the marked price?
(a) 8 : 9
(b) 3 : 4
(c) 5 : 6
(d) 4 : 5
(e) None of these
2 . A dealer marks his goods at 20% above the cost price and allows a discount of 15%. What is his gain percentage?
(a) 3%
(b) 4%
(c) 2%
(d) 1%
(e) None of these
3. Piyush marks the price of his article 30 percent more than its cost price. If he sells the article for Rs. 5720 after allowing a discount of 20 percent, then what will be the cost price of the article?
(a) Rs. 5000
(b) Rs. 5350
(c) Rs. 5200
(d) Rs. 5500
(e) None of these
4. In a grocery store, an item with an MRP of Rs 1,000 is on a discount counter with a special prices of Rs 979. What is the percentage of discount given for that item?
(a) 2.1%
(b) 0.9%
(c) 1.2%
(d) 1.1%
(e) None of these
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5. A shopkeeper buys a gadget for Rs. 1,125 after getting 25% discount. If he sells it by allowing 10% discount on the marked price, then how much does he gain?
(a) Rs. 150
(b) Rs. 225
(c) Rs. 325
(d) Rs. 250
(e) None of these
6. The cost price of a table is ₹ 6,400, A merchant wants to make 25% profit by selling it. At the time of the sale, he declares a discount of 20% on the marked –
(a) ₹ 16,000
(b) ₹ 14,500
(c) ₹ 10,000
(d) ₹ 14,000
(e) None of these
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7. A shopkeeper marks the price of a book 120% above its cost price. If he gives a discount of 10% on the marked price, then find his profit %.
(a) 65%
(b) 60%
(c) 98%
(d) 110%
(e) None of these
8. A retailer marks up his goods by 150% and offers a 40% discount. What will be the selling price if the cost price is ₹ 1,600?
(a) ₹ 2,400
(b) ₹ 2,500
(c) ₹ 3,000
(d) ₹ 2,000
(e) None of these
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9. With a 5% discount on the cost of sugar, a buyer could purchase 2 kg more sugar for Rs. 608. What is the original selling price of sugar? (in Rs/kg)
(a) 14.50
(b) 15
(c) 16.50
(d) 16
(e) None of these
10. A shopkeeper allows a rebate of 12% on the marked price of an article such that the selling price is Rs. 1320. Then the marked price of the article is:
(a) Rs.1490
(b) Rs.1500
(c) Rs. 1600
(d) Rs.1550
(e) None of these
All the Profit and Loss Discount questions are formulated as per the level of Bank PO exams. The Profit and Loss Discount questions in this PDF has a moderate and hard level of difficulty. All the candidates who are preparing for banking exams are advised to practice all these important questions to score well in the exam. To remove any doubt or difficulty in any topic, go through the study notes of each topic from the links given above.
Why Quantitative Aptitude Profit and Loss Discount Questions PDF is Important for Exams?
- All the questions prepare by Exams experts.
- The practice questions covered are across the levels i.e. Easy, Moderate, and Difficult.
- Provides a detailed approach to the solution of each question.
- Focuses on all the new patterns and advanced-level type questions.
- Profit and Loss Discount Questions PDF boosts confidence and reduces pre-exam jitters by regularly attempting a variety of questions and tackling the difficulty level expected in the final exam.
This Quant Booster Dose Profit and Loss Discount Questions PDF is useful for the upcoming Banking and Insurance exams i.e. IBPS PO, SBI PO, Clerk, IBPS RRB PO & Clerk, RBI Assistant, RBI Grade B, NABARD, LIC AAO, SSC (CGL, CHSL, MTS, CPO, and Constable), Railway RRB (NTPC, Group D, JE, ALP) & Other Government Exams.
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Here we are providing you with New Pattern Quantitative Aptitude Quizzes (Profit and Loss Discount Questions) for SSC, Railway & Banking Exam, based on the latest pattern of your daily practice.
| Practice Set- 1 | Practice Set- 2 | Practice Set- 3 |
| Practice Set- 4 | Practice Set- 5 | Practice Set- 6 |
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