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Q:

A shopkeeper offers the following 3 schemes. Which scheme has the lowest discount percentage (all articles have same marked price)?


I. Two successive discounts of 10% and 10%


II. Buy 7 get 8


III. Buy 9 get 1 free

 

A) Only II B) Only III
C) Only II and III D) All are equal.
 
Answer & Explanation Answer: B) Only III

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

A shopkeeper allows a discount of 20% to his customers and still gains 25%. Find the Marked price of an article which costs Rs.600 to the shopkeeper.

A) Rs.937.50 B) Rs.937
C) Rs.930 D) Rs.1000
 
Answer & Explanation Answer: A) Rs.937.50

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

You went to buy 3 articles worth Rs.500 each. However, as per the discount sale going on in the shop, you paid for two and got one free. What is the discount percentage in the deal?

A) 30% B) 33%
C) 33.13% D) 33.33%
 
Answer & Explanation Answer: D) 33.33%

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

The marked price of a trouser is twice of the cost price. To earn 36% profit, what should be the value of discount (in percentage)?

 

A)  33 B)  32
C)  34 D)  36
 
Answer & Explanation Answer: B)  32

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

Read the information carefully and select the correct option.

 

Offer A : Buy one item for Rs. 1599/- and get one free.

Offer B : Buy one item for Rs. 999/- and get another at 50% discount.

 

A) A is cheaper and B is costlier B) A is costlier and B is cheaper
C) Cost is same in both cases D) A and B are not comparable
 
Answer & Explanation Answer: B) A is costlier and B is cheaper

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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

Consider the given argument and decide which of the given assumptions is (are) implicit.

 

Argument :

 

A top television company announced up to 50% discount on their new launch of LED TV.

 

Assumptions :

 

1. The sales of the LED TV may increase.

2. The company will become the top seller of the LED TV.

 

A) Both 1 and 2 are implicit B) Only assumption 1 is implicit
C) Neither 1 nor 2 is implicit D) Only assumption 2 is implicit
 
Answer & Explanation Answer: B) Only assumption 1 is implicit

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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams

Q:

The marked price of a calculator is Rs 750. It is sold at a discount of 22%. If the cost price of the calculator is Rs 500, then what is the profit (in Rs)?

 

A) 85   B)  105  
C)  95   D) 115
 
Answer & Explanation Answer: A) 85  

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A shopkeeper purchased a pen drive of marked price Rs. 1000 at successive discounts of 10% & 15% respectively. He spent Rs. 35 on packaging and sold it on Rs. 1000. Calculate the Gain percent.

 

A) No Gain B) 25%
C) 30% D) 35%
 
Answer & Explanation Answer: B) 25%

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Filed Under: Profit and Loss
Exam Prep: Bank Exams