Understanding "Marked Price & Successive Discounts" is crucial for students preparing for various exams. This topic not only enhances your mathematical skills but also helps in grasping essential concepts related to pricing and discounts. Practicing MCQs and objective questions on this subject can significantly improve your exam performance and boost your confidence. Engaging with practice questions will ensure you are well-prepared for important questions that may appear in your exams.
What You Will Practise Here
Definition and significance of marked price and discount
Formulas for calculating successive discounts
Real-life applications of marked price in commerce
Understanding the difference between single and successive discounts
Problem-solving techniques for MCQs related to discounts
Common scenarios and examples involving marked price calculations
Visual aids and diagrams to illustrate discount calculations
Exam Relevance
The topic of "Marked Price & Successive Discounts" is frequently tested in CBSE, State Boards, and competitive exams like NEET and JEE. Students can expect questions that require them to calculate the final price after applying one or more discounts. Common question patterns include direct calculation problems, conceptual understanding of discount applications, and word problems that require critical thinking. Mastering this topic will help you tackle these questions with ease.
Common Mistakes Students Make
Confusing marked price with selling price
Incorrectly applying the formula for successive discounts
Overlooking the order of applying discounts
Misunderstanding the concept of net price after discounts
Failing to read the question carefully, leading to calculation errors
FAQs
Question: What is the difference between marked price and selling price? Answer: The marked price is the original price set by the seller, while the selling price is the final price after discounts have been applied.
Question: How do I calculate the final price after successive discounts? Answer: To calculate the final price, apply the first discount to the marked price, then apply the second discount to the new price obtained.
Ready to enhance your understanding of "Marked Price & Successive Discounts"? Dive into our practice MCQs and test your knowledge today! Your preparation is key to success in your exams.
Q. A television is marked at $600. If it is sold at a price after applying a 25% discount, what is the selling price?
