Discount

Discount

Selling Price=Marked Price - Discount
If discount is r%, then Selling PriceMarked Price X [ (100-r) / 100 ]
 

Note:

1. If there are two consecutive discounts of r% & R% on article, then Selling price of an article is:
2. If two consecutive discounts are r% & R%, then equivalent discount will be
3. If a shopkeeper wants to make a profit of R% after giving a discount of r%, then Marked Price(List Price) of Article is=
4. If a shopkeeper wants to make a profit of R% after giving a discount of r%, then the shopkeeper should write the Marked Price more than Cost Price by
5. If an Article is sold on consecutive discounts r1%, r2% and r3% then:
a) If Marked Price is given then Selling Price of an Article is=
 

Questions Asked from this Chapter:

 

Question Type 1: Based on Successive Discounts

Example:
The market Price of an article is Rs 500. It is sold at the successive discount of 20% and 10%. The selling price of the article(in rupees) is:?
a) 350 
b) 375
c) 360
d) 400
Solution:
 

Question Type 2: Market Price is X% higher than Cost Price. A discount of Y% is Given on the Market Price.

Example:
A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit does he makes?
a) 18
b) 12
c) 10
d) 8
Solution:
 

Question Type 3: A Shopkeeper earns a profit of X% after allowing a discount of Y% on the Printed Price.

Example:
A shopkeeper buys an article for Rs 180. He wishes to gain 20% after allowing a discount of 10% on the marked price to the customer. The marked price will be:
a) Rs 210
b) Rs 240
c) Rs 270
d) Rs 300
Solution: