A book marked at Rs. 500 is sold for Rs. 400. What is the discount percentage? MCQ with Answer and Explanation

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A book marked at Rs. 500 is sold for Rs. 400. What is the discount percentage?

A. 15%

B. 25%

C. 22.5%

D. 20%

Answer: Option D

Solution (By JKSSB Mock Tests)

Marked Price = 500. Selling Price = 400. Discount = 100. Discount percentage = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. 2.25% profit

B. No profit no loss

C. 2.5% loss

D. 2.25% loss

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Correct Answer: Option D

Explanation:
Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

Question #2

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A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 245

B. Rs. 250

C. Rs. 260

D. Rs. 240

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Correct Answer: Option B

Explanation:
SP = 92% of CP => CP = 230 / 0.92 = 250.

This question belongs to: Maths Profit And Loss

Question #3

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A man buys 100 oranges for Rs. 400. 20 oranges are rotten and thrown away. At what rate per dozen should he sell the remaining oranges to gain 20% on the whole transaction?

A. Rs. 72

B. Rs. 64

C. Rs. 60

D. Rs. 80

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Correct Answer: Option A

Explanation:
Total Cost Price = 400. Desired Total Selling Price = 400 * 1.20 = 480. Remaining oranges = 80. Selling Price per orange = 480 / 80 = 6. Selling Price per dozen = 6 * 12 = 72.

This question belongs to: Maths Profit And Loss

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