Marked Price & Successive Discounts MCQ & Objective Questions
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 bicycle is marked at $300. If a discount of 15% is applied, what is the selling price?
A.
$255
B.
$270
C.
$280
D.
$290
Show solution
Solution
Selling Price = Marked Price - (Discount % * Marked Price) = 300 - (0.15 * 300) = 300 - 45 = $255.
Correct Answer:
A
— $255
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Q. A bicycle is marked at $300. If it is sold for $240 after a discount, what is the discount percentage?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = 300 - 240 = $60. Discount Percentage = (60/300) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A bicycle is marked at $300. If it is sold for $240 after two successive discounts of 10% and 20%, what is the total discount percentage?
A.
20%
B.
25%
C.
30%
D.
35%
Show solution
Solution
First discount = 300 * 10/100 = 30. New price = 300 - 30 = 270. Second discount = 270 * 20/100 = 54. Final price = 270 - 54 = 216. Total discount = 300 - 216 = 84. Percentage = (84/300) * 100 = 28%.
Correct Answer:
C
— 30%
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Q. A book is marked at $200. If it is sold for $160, what is the percentage discount given?
A.
20%
B.
25%
C.
30%
D.
35%
Show solution
Solution
Discount = Marked Price - Selling Price = 200 - 160 = $40. Percentage Discount = (40/200) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A book is marked at $50. If it is sold for $40, what is the percentage discount given?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = Marked Price - Selling Price = 50 - 40 = 10. Percentage Discount = (10/50) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A dress is marked at $120. If a discount of 15% is applied, what is the selling price?
A.
$102
B.
$100
C.
$105
D.
$110
Show solution
Solution
Selling Price = Marked Price - (Discount % of Marked Price) = 120 - (15/100 * 120) = 120 - 18 = $102.
Correct Answer:
A
— $102
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Q. A dress is marked at $200. If it has a 30% discount followed by an additional 10% discount, what is the final price?
A.
$140
B.
$130
C.
$150
D.
$120
Show solution
Solution
First discount: 200 - (30/100 * 200) = 200 - 60 = $140. Second discount: 140 - (10/100 * 140) = 140 - 14 = $126.
Correct Answer:
A
— $140
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Q. A dress is marked at $250 and has a discount of 15% followed by another discount of 10%. What is the final price?
A.
$212.50
B.
$215.00
C.
$220.00
D.
$225.00
Show solution
Solution
First discount: 250 - (15/100 * 250) = 250 - 37.5 = $212.5. Second discount: 212.5 - (10/100 * 212.5) = 212.5 - 21.25 = $191.25.
Correct Answer:
A
— $212.50
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Q. A dress is marked at $250 and has a discount of 15%. What is the selling price?
A.
$212.50
B.
$225
C.
$237.50
D.
$240
Show solution
Solution
Selling Price = Marked Price - (Discount % of Marked Price) = 250 - (15/100 * 250) = 250 - 37.5 = $212.50.
Correct Answer:
A
— $212.50
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Q. A dress is marked at $250 and has a discount of 20% followed by an additional discount of 10%. What is the final selling price?
A.
$200
B.
$225
C.
$210
D.
$215
Show solution
Solution
First discount = 250 * 20/100 = 50. New price = 250 - 50 = 200. Second discount = 200 * 10/100 = 20. Final price = 200 - 20 = $180.
Correct Answer:
C
— $210
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Q. A dress is marked at $250 and has two successive discounts of 10% and 20%. What is the final selling price?
A.
$200
B.
$180
C.
$190
D.
$210
Show solution
Solution
First discount: 250 - (10/100 * 250) = 250 - 25 = $225. Second discount: 225 - (20/100 * 225) = 225 - 45 = $180.
Correct Answer:
C
— $190
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Q. A dress is marked at $250. If it is sold for $200 after two successive discounts of 10% and 20%, what is the selling price after the first discount?
A.
$225
B.
$240
C.
$200
D.
$250
Show solution
Solution
First discount: 250 - (0.10 * 250) = 250 - 25 = $225.
Correct Answer:
A
— $225
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Q. A jacket is marked at $200 and is sold for $160 after a discount. What is the discount percentage?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = 200 - 160 = 40. Percentage Discount = (40/200) * 100 = 20%.
Correct Answer:
A
— 20%
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Q. A laptop is marked at $1000. If it is sold for $800 after a discount, what is the discount percentage?
A.
15%
B.
20%
C.
25%
D.
30%
Show solution
Solution
Discount = 1000 - 800 = 200. Percentage Discount = (200 / 1000) * 100 = 20%.
Correct Answer:
B
— 20%
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Q. A laptop is marked at $1000. If it is sold for $800, what is the total percentage discount?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = Marked Price - Selling Price = 1000 - 800 = $200. Percentage Discount = (200/1000) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A laptop is marked at $1200 and has two successive discounts of 5% and 10%. What is the final selling price?
A.
$1020
B.
$1080
C.
$1100
D.
$1150
Show solution
Solution
First discount = 1200 * 5/100 = 60. New price = 1200 - 60 = 1140. Second discount = 1140 * 10/100 = 114. Final price = 1140 - 114 = $1026.
Correct Answer:
B
— $1080
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Q. A laptop is marked at $1200. If a discount of 30% is applied, what is the selling price?
A.
$840
B.
$860
C.
$880
D.
$900
Show solution
Solution
Selling Price = Marked Price - (Discount % of Marked Price) = 1200 - (30/100 * 1200) = 1200 - 360 = $840.
Correct Answer:
A
— $840
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Q. A laptop is marked at $1200. If it is sold for $960 after a discount, what is the discount percentage?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = 1200 - 960 = 240. Percentage Discount = (240/1200) * 100 = 20%.
Correct Answer:
B
— 25%
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Q. A laptop is marked at $800. If it is sold for $720, what is the percentage discount given?
A.
10%
B.
12.5%
C.
15%
D.
20%
Show solution
Solution
Discount = Marked Price - Selling Price = 800 - 720 = $80. Percentage Discount = (80/800) * 100 = 10%.
Correct Answer:
B
— 12.5%
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Q. A pair of shoes is marked at $120. If a 10% discount is followed by a 5% discount, what is the final price?
A.
$108
B.
$114
C.
$115
D.
$110
Show solution
Solution
First discount: 120 - (10/100 * 120) = 120 - 12 = $108. Second discount: 108 - (5/100 * 108) = 108 - 5.4 = $102.6.
Correct Answer:
A
— $108
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Q. A pair of shoes is marked at $120. If a customer receives a 25% discount followed by an additional 10% discount, what is the final price?
A.
$81
B.
$90
C.
$84
D.
$75
Show solution
Solution
First discount: 120 - (0.25 * 120) = 120 - 30 = 90. Second discount: 90 - (0.10 * 90) = 90 - 9 = $81.
Correct Answer:
C
— $84
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Q. A pair of shoes is marked at $90. If a 15% discount is applied, what is the selling price?
A.
$76.50
B.
$75
C.
$80
D.
$70
Show solution
Solution
Selling Price = Marked Price - (Discount % of Marked Price) = 90 - (15/100 * 90) = 90 - 13.5 = $76.50.
Correct Answer:
A
— $76.50
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Q. A pair of shoes is marked at $90. If a 30% discount is applied, what is the selling price?
A.
$63
B.
$70
C.
$72
D.
$75
Show solution
Solution
Selling Price = Marked Price - (Discount % * Marked Price) = 90 - (0.30 * 90) = 90 - 27 = $63.
Correct Answer:
A
— $63
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Q. A pair of shoes is marked at $90. If a discount of 30% is applied, what is the selling price?
A.
$63
B.
$70
C.
$60
D.
$75
Show solution
Solution
Selling Price = Marked Price - (Discount % of Marked Price) = 90 - (30/100 * 90) = 90 - 27 = $63.
Correct Answer:
A
— $63
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Q. A shirt is marked at $80. If a discount of 20% is applied, what is the selling price?
A.
$64
B.
$60
C.
$70
D.
$72
Show solution
Solution
Selling Price = Marked Price - (Discount % * Marked Price) = 80 - (0.20 * 80) = 80 - 16 = $64.
Correct Answer:
A
— $64
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Q. A shirt is marked at $80. If a discount of 20% is offered, what is the selling price?
A.
$64
B.
$60
C.
$70
D.
$72
Show solution
Solution
Selling Price = Marked Price - (Discount % * Marked Price) = 80 - (0.20 * 80) = 80 - 16 = $64.
Correct Answer:
A
— $64
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Q. A sofa is marked at $600 and has a 15% discount followed by a 5% discount. What is the final price?
A.
$510
B.
$525
C.
$540
D.
$550
Show solution
Solution
First discount: 600 - (0.15 * 600) = 600 - 90 = $510. Second discount: 510 - (0.05 * 510) = 510 - 25.5 = $484.5.
Correct Answer:
C
— $540
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Q. A sofa is marked at $900. If it is sold for $675 after two successive discounts of 10% and 15%, what is the total discount percentage?
A.
25%
B.
30%
C.
35%
D.
20%
Show solution
Solution
First discount: 900 - (10/100 * 900) = 900 - 90 = $810. Second discount: 810 - (15/100 * 810) = 810 - 121.5 = $688.5.
Correct Answer:
B
— 30%
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Q. A television is marked at $500. If it is sold at a price after applying a 25% discount, what is the selling price?
A.
$375
B.
$400
C.
$425
D.
$450
Show solution
Solution
Selling Price = Marked Price - (Discount % of Marked Price) = 500 - (25/100 * 500) = 500 - 125 = $375.
Correct Answer:
A
— $375
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Q. A television is marked at $500. If it is sold for $400 after a discount, what is the discount percentage?
A.
20%
B.
25%
C.
30%
D.
15%
Show solution
Solution
Discount = 500 - 400 = $100. Discount Percentage = (100/500) * 100 = 20%.
Correct Answer:
B
— 25%
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