Numerical: Discount & Marked Price MCQ - Practice Questions with Answers

Use selling price = marked price × (100 − discount rate)/100 for each entry separately. For 1, ₹600 at 10% discount gives 600 × 90/100 = ₹540. For 2, ₹750 at 20% discount gives 750 × 80/100 = ₹600. For 3, ₹900 at 15% discount gives 900 × 85/100 = ₹765. Therefore the correct matching is exactly 1-₹540, 2-₹600, 3-₹765.

Discount is calculated on the marked price, not on the selling price. Here, discount = 12% of ₹1250 = 12/100 × 1250 = ₹150. The selling price is the marked price minus the discount. Therefore, selling price = ₹1250 − ₹150 = ₹1100. This also means the customer pays 88% of the marked price. So the article is sold for ₹1100 after allowing the 12% discount.

For successive discounts, apply each discount one after another, not by simply adding them unless the question asks for the equivalent rate. Marked price = ₹1,200. After 20% discount, price = 1,200 × 80/100 = ₹960. Now apply the second discount of 5% on ₹960: final selling price = 960 × 95/100 = ₹912. Therefore, the final selling price after both discounts is ₹912.

The question asks for the incorrect statement. Discount = 12% of marked price = 12/100 × 500 = ₹60. Therefore, selling price = marked price − discount = ₹500 − ₹60 = ₹440. This also means the selling price is 88% of the marked price, because 100% − 12% = 88%. Hence the statement saying selling price = ₹460 is incorrect.

For a discount problem, selling price = marked price − discount. Here the marked price is ₹1,250 and the discount is 12%. Discount amount = 12% of 1,250 = 1,250 × 12/100 = ₹150. Therefore, selling price = 1,250 − 150 = ₹1,100. This is the amount actually paid by the buyer after the price reduction, so the correct selling price is ₹1,100.