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CBSE Questions for Class 8 Maths Comparing Quantities Quiz 1 - MCQExams.com
CBSE
Class 8 Maths
Comparing Quantities
Quiz 1
Cost of
5
pens is Rs.
15
. Find the cost price of
100
pens.
Report Question
0%
Rs.
150
0%
Rs.
30
0%
Rs.
100
0%
Rs.
300
Explanation
Cost of
5
pens
=
R
s
.
15
Cost of
1
pen
=
R
s
.
15
5
=
R
s
.
3
Cost of
100
pens
=
R
s
,
[
3
×
100
]
=
R
s
.
300
A share is said to be ______, if its market value is less than its face value.
Report Question
0%
premium
0%
at par
0%
at discount
0%
dividend
Explanation
A share is said to be at discount, if its market value is less than its face value.
Which option is an example of interest on interest?
Report Question
0%
simple interest
0%
compound interest
0%
complex interest
0%
annual interest
Explanation
Compound interest is an example of interest on interest.
Which tax is paid to government for the sales of certain goods and services?
Report Question
0%
VAT
0%
sales tax
0%
income tax
0%
business tax
Explanation
Sales tax is paid to government for the sales of certain goods and services.
If the selling price of 50 articles is equal to the cost price of 40 articles then the loss and gain percent is
Report Question
0%
20% gain
0%
20% loss
0%
25% loss
0%
25% gain
Explanation
Let C.P of one article =1 Rs.
Then C.P of 40 article=40 Rs.
According to the question
S.P of 50 article =C.P of 40 article=40 Rs.
We assume that C.P of one article =1Rs.
then C.P of 50 article=50 Rs.
Loss=50-40=10 Rs.
Loss %=
10
50
×
100
=
20
%
Two-third of one-seventh of a number is
87.5
% of
240
. What is the number?
Report Question
0%
2670
0%
2450
0%
2205
0%
1470
Explanation
Given,
2
3
of
1
7
of a number say
x
is
87.5
%
of
240
.
∴
2
3
×
1
7
×
x
=
87.5
100
×
240
⇒
x
=
87.5
×
240
×
3
×
7
2
×
100
=
2205
therefore, the number is
2205
.
A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee At what price per dozen should he sell them to make a profit of 20%?
Report Question
0%
Rs 4
0%
Rs 5
0%
Rs 6
0%
Rs 7
Explanation
Let he bought 1 dozen clips of each kind.
C.P of 2 dozen=
1
3
×
12
+
1
2
×
12
=
10
R
s
S.P of 2 dozen=
120
%
o
f
10
=
R
s
120
100
×
10
=
12
R
s
Hence S.P per dozen=6 Rs.
Tax on imports is an example of __________
Report Question
0%
Indirect tax
0%
Trade barrier
0%
Sales tax
0%
Direct tax
Explanation
Any restriction imposed on the free flow of
trade
is a
trade barrier
.
Trade barriers
can either be tariff
barriers
(the levy of ordinary negotiated customs duties in accordance with Article II of the GATT) or non-tariff
barriers
, which are any
trade barriers
other than tariff
barriers
Tax on imports is an example of Trade Barrier.
The correct relationship is
Report Question
0%
A
+
C
.
I
=
P
0%
C
.
I
−
P
=
A
0%
C
.
I
=
A
−
P
0%
None of these
Explanation
Compound Interest
(
C
.
I
)
=
Amount
(
A
)
−
Principal
(
P
)
C
.
I
=
A
−
P
Mechanic Raj purchased a motorcycle for Rs. 20,000 and sold it at 5% loss. Its selling price is
Report Question
0%
R
s
.
5
100
×
20
,
000
0%
R
s
.
95
100
×
20
,
000
0%
R
s
.
105
100
×
20
,
000
0%
R
s
.
100
95
×
20
,
000
Explanation
C
o
s
t
=
R
s
20000
L
o
s
s
=
5
%
L
o
s
s
=
5
×
20000
100
S
P
=
C
P
−
L
o
s
s
S
P
=
20000
−
5
×
20000
100
=
R
s
95
×
20000
100
Which of the following is a direct tax?
Report Question
0%
Excusive
0%
Sales Tax
0%
Income Tax
0%
None of these
Explanation
A direct tax is a tax, which is levied on the income or profits of the person who pays it, rather than on goods or services.
A
direct tax
is paid directly by an individual or organisation to an imposing entity.
A taxpayer, for example, pays
direct taxes
to the government for different purposes, including real property
tax
, personal property
tax
, income
tax
or
taxes
on assets.
Therefore, income tax is a direct tax.
Hence, option C is correct.
An example of property tax
Report Question
0%
Wealth tax
0%
Income tax
0%
Sales tax
0%
Excise duty
Explanation
Property tax
refers to the annual amount paid by a
property
owner to the local government or the municipal corporation of his/her area.
Property tax
is a kind of direct
tax
levied directly on
properties
such as real estate
property
, shop, house, office building, rented
properties
and land.
It is a tax
based on the market value of assets that are owned.
Thus, wealth tax is an example of property tax.
Hence, option A is correct.
A and B invest Rs 200 and Rs 300 respectively in a business for a period for three years and two years respectively. Then the profit will be divided into the ratio of
Report Question
0%
4:3
0%
2:3
0%
1:1
0%
6:5
Explanation
R
a
t
i
o
i
n
w
h
i
c
h
t
h
e
y
s
h
o
u
l
d
s
h
a
r
e
t
h
e
i
r
p
r
o
f
i
t
s
=
R
a
i
o
o
f
i
n
v
e
s
t
m
e
n
t
s
×
T
i
m
e
p
e
r
i
o
d
=
200
×
3
300
×
2
=
600
600
=
1
:
1
Jayant sold two books at Rs 14 each. On one he gains 20% and on the other loses 20%. Then he made
Report Question
0%
no profit no loss
0%
loss of 4%
0%
gain of 1%
0%
none of these
Explanation
on the first article Jayant gains 20%
so if CP is 100, selling price will be 120 and profit will be Rs20
when selling price is 120 profit is 20
when selling price is 14 profit is
=
20
120
×
14
=
2.33
cost price =selling price-profit
=14-2.33
=Rs11.67
on second article he losses 20%
so if CP is 100, selling price will be 80 and Loss will be Rs20
when selling price is 80 loss is 20
when selling price is 14 loss is
=
20
80
×
14
=
3.5
cost price is =selling price+loss
=14+3.5
=17.5
total selling price=14+14=Rs28
total cost price=17.5+11.67=Rs29.17
net loss=29.17-28=Rs1.17
loss percantage=
=
1.17
29.17
×
100
=
4
he makes a loss of 4%
The list price of a parker pen is Rs 160 and a customer buys it for Rs 122.40 after two successive discounts. If first is 10% then the second is
Report Question
0%
18%
0%
17%
0%
16%
0%
15%
Explanation
Total discount
=
R
s
160
−
R
s
122.40
=
R
s
37.60
1st discount
=
10
%
o
f
R
s
160
=
R
s
16
.
2nd discount
=
R
s
37.60
−
R
s
16
=
R
s
21.60
Balance after firsr discount
=
R
s
160
−
R
s
16
=
R
s
144
.
If 2nd discount is
x
%
, then
x
%
o
f
R
s
144
=
R
s
21.60
, so
x
=
15
.
When the price of eggs is reduced by 20% it enables a man to buy 20 more eggs for RsThen the reduced price per egg is:
Report Question
0%
38 paise
0%
40 paise
0%
42 paise
0%
44 paise
Explanation
Let's say Price per egg
=
x
Number of eggs bought for
R
s
40
=
40
x
Reduced price of egg
=
x
−
20
%
of
x
⇒
x
−
0.2
x
=
0.8
x
Number of eggs that can be bought=
40
0.8
x
As per question,
⇒
40
0.8
x
−
40
x
=
20
⇒
40
−
32
0.8
x
=
20
⇒
8
0.8
x
=
20
⇒
16
x
=
8
⇒
x
=
2
Reduced price
=
2
×
20
100
=
0.40
p
a
i
s
e
Hence, the reduced price per egg will be 40 paise as 20% of Rs 2 is 40paise.
By giving a discount of 10% on the marked price of Rs 1,100 of a sewing machine a dealer gains 10%, then the cost price is
Report Question
0%
Rs 900
0%
Rs 950
0%
Rs 1,000
0%
Rs 1,050
Explanation
Market price
=
1100
Discount of
10
%
is given on marked price,
So selling price will be
=
1100
−
1100
×
10
100
=
(
1100
−
110
)
=
990
Even after giving discount of
10
%
, dealer gains
10
%
on cost price,
If selling price is
110
, cost price will be
100
If selling price is
990
, cost price will be
=
100
110
×
990
=
900
Cost price is
R
s
900
Ranga buys a car for Rs 1,00,000 and spends Rs 20,000 on repairs. He rents it and earns Rs 4,000 per month. After 8 months, he sells the car for Rs 1,00,His total earning in rupees is
Report Question
0%
15,000
0%
18,000
0%
20,000
0%
12,000
Explanation
Total investment
=
1
,
00
,
000
+
20
,
000
=
1
,
20
,
000
His earning in 8 months
=
4
,
000
×
8
=
32
,
000
Total earnings
=
1
,
00
,
000
+
32
,
000
−
1
,
20
,
000
=
1
,
32
,
000
−
1
,
20
,
000
=
R
s
12
,
000
Which tax is collected by Panchayat?
Report Question
0%
Sales Tax
0%
Custom Duty
0%
Land Revenue
0%
Tax on local fairs
Explanation
Tax on Local Affairs is collected by Panchayat.
All other taxes are collected by Central Government.
Which of the following is a source of income of the Gram Panchayats ?
Report Question
0%
Income Tax
0%
Sales Tax
0%
Professional Tax
0%
Levy duties
Explanation
Levy Duties constitute to the source of income of the Gram Panchayats.
All other sources constitute to the income of Central Government.
Which of the following statement is incorrect
Report Question
0%
If S.P is less than C.P, the seller is said to have incurred a loss
0%
The price at which an article is sold is called its selling price
0%
If C.P is less than S.P, the seller is said to have incurred a profit
0%
If C.P is less than S.P, the seller is said to have incurred a loss
Explanation
Step 1: Check which of the following statements is correct.
As we know that,
If cost price(C.P) is greater than the selling price(S.P), then seller incurred a loss,
and If cost price(C.P) is less than the selling price(S.P), then seller incurred a profit.
Therefore, Statements A,C are correct and D is incorrect.
Hence, option D is correct answer.
A shopkeeper buys paper at Rs 50 per ream. To gain 20%, the selling price per quire will be (take 1 ream = 20 quires)
Report Question
0%
Re 1
0%
Rs 2
0%
Rs 3
0%
Rs 5
Explanation
Shopkeeper buys paper at Rs 50 per ream
1 ream=20 quires(given)
20 quires he buys at Rs50
1 quire he buys at=
R
s
50
20
To gain 20 percant, selling price per quire will be
R
s
(
50
20
+
20
100
×
50
20
)
(
2.5
+
0.5
)
=
R
s
3
If the cost of a pen is
R
s
.
12.60
and the gain was
10
%
of the marked price, then the marked price of the pen was
Report Question
0%
R
s
.
15
0%
R
s
.
14
0%
R
s
.
13
0%
R
s
.
12
Explanation
Let the marked price be
R
s
.
100.
It is given that
10
%
gain is made on the marked price.
So,
G
a
i
n
=
100
×
10
100
=
R
s
.
10
Cost price will be
100
−
10
=
R
s
.
90.
When
R
s
.
90
is the cost price marked price is
R
s
.
100.
So, when
R
s
.
12.60
is the cost price marked price will be
100
90
×
12.60
=
R
s
.
14.
Hence, option
B
is correct.
By selling a T.V for Rs.
1
,
064
a man gains
12
%. At what price did he buy the T.V?
Report Question
0%
Rs.
1000
0%
Rs.
950
0%
Rs.
850
0%
Rs.
900
Explanation
Let
C
P
=
x
Gain
=
12
100
x
=
3
x
25
SP
=
3
x
25
+
x
=
28
x
25
⇒
28
x
25
+
x
=
28
x
25
⇒
28
x
25
=
1
,
064
⇒
x
=
Rs.
950
_________ is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Report Question
0%
simple interest
0%
compound interest
0%
complex interest
0%
annual interest
Explanation
Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
So
O
p
.
B
Identify in which type of interest rate is applied to the original principal and any accumulated interest?
Report Question
0%
simple interest
0%
compound interest
0%
complex interest
0%
annual interest
Explanation
When the interest rate is applied to the original principal and any accumulated interest, this is called compound interest.
The price at which an article is purchased is called its
Report Question
0%
SP
0%
CP
0%
Gain
0%
Loss
Explanation
The price/cost at which an article is purchased is called its Cost Price, or CP.
Hence, option B is correct.
John estimated that the repairs to his car would cost
200
rupees. In fact they cost
350
rupees. What was the percentage error?
Report Question
0%
52.85
%
0%
42.85
%
0%
32.85
%
0%
22.85
%
Explanation
Given that: Expected repair of car=
200
Actual cost of repair =
350
Percentage of error:
A
b
s
o
l
u
t
e
v
a
l
u
e
−
e
x
a
c
t
v
a
l
u
e
E
x
a
c
t
v
a
l
u
e
×
100
=
350
−
200
350
×
100
=
42.85
%
You expected to get
50
gifts for your birthday, but you only got
32
. What was the percentage error?
Report Question
0%
51.25
%
0%
45.25
%
0%
46.25
%
0%
56.25
%
Explanation
Given, absolute value
=
50
, exact value
=
32
Percentage error
=
|
A
b
s
o
l
u
t
e
v
a
l
u
e
−
e
x
a
c
t
v
a
l
u
e
e
x
a
c
t
v
a
l
u
e
|
×
100
%
=
|
50
−
32
32
|
×
100
%
=
|
18
32
|
×
100
%
=
|
0.5625
|
×
100
%
=
56.25
%
__________ is calculated on both the amount borrowed and any previous interest.
Report Question
0%
simple interest
0%
annual interest
0%
complex interest
0%
compound interest
Explanation
Compound interest is calculated on both the amount borrowed and any previous interest.
A machine listed at Rs.
8400
is available for Rs.
6300
. Find the rate of discount offered.
Report Question
0%
20
%
0%
10
%
0%
25
%
0%
30
%
Explanation
Listed price of machine
=
8400
, available price of machine
=
6300
Discount offered
=
8400
−
6300
=
Rs.
2100
Discount
%
=
2100
8400
×
100
%
=
25
%
Sam purchased
20
dozens of toys at the rate of
R
s
.
375
per dozen. He sold each one of them at the rate of
R
s
.
33
. What was his percentage profit?
Report Question
0%
3.5
0%
4.5
0%
5.6
0%
6.5
Explanation
Cost Price of
1
toy
=
R
s
.
(
375
12
)
=
R
s
.
31.25
Selling Price of
1
t
o
y
=
R
s
.
33
So,
G
a
i
n
=
R
s
.
(
33
−
31.25
)
=
R
s
.
1.75
∴
P
r
o
f
i
t
%
=
(
1.75
31.25
×
100
)
%
=
28
5
%
=
5.6
%
The cost price of
20
articles is the same as the selling price of
x
articles. If the profit is
25
%, then the value of
x
is:
Report Question
0%
15
0%
16
0%
18
0%
25
Explanation
Let C.P. of each article be
R
e
.
1
C.P. of x articles
=
R
s
.
x
.
S.P. of x articles
=
R
s
.
20
.
P
r
o
f
i
t
=
R
s
.
(
20
−
x
)
.
∴
(
20
−
x
x
×
100
=
25
)
⇒
2000
−
100
x
=
25
x
125
x
=
2000
⇒
x
=
16
By selling
8
dozen pencils, a shopkeeper gains the selling price of
1
dozen pencils. What is the gain?
Report Question
0%
12
1
2
%
0%
13
1
7
%
0%
14
2
7
%
0%
87
1
2
%
Explanation
We know that S.P.
=
C.P.
+
Gain
⇒
S.P. of
8
dozen
=
C.P. of
8
dozen
+
S.P. of
1
dozen
⇒
S.P. of
7
dozen
=
C.P. of
8
dozen
⇒
By selling
7
dozen, he gain
1
dozen
Therefore, gain
%
=
1
7
×
100
%
=
14
2
7
%
Choose the corrrect relation between simple and compound interest.
Report Question
0%
C
.
I
>
S
.
I
.
0%
C
.
I
<
S
.
I
.
0%
C
.
I
=
S
I
0%
Can't say
Explanation
In simple interest, the principal amount is
P
in compound interest the principal amount is
P
+
I
(Interest of the previous year)
Since the principal amount in CI is more,
P
R
T
100
i.e., interest will be more in C.I
Hence,
C
I
>
S
I
.
The selling price of goods which cost Rs.
10
and were sold at a gain of
10
% is:
Report Question
0%
Rs.
12
0%
Rs.
10
0%
Rs.
11
0%
Rs.
15
Explanation
⇒
Cost price pf goods is Rs.
10
⇒
Profit =
10
%
of Rs.
10
=
Rs.
1
⇒
Selling price of goods
=
Cost price +profit
⇒
Selling price of good
=
Rs.
10
+
Rs.
1
=
Rs.
11
A shopkeeper expects a gain of
22.5
%
on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
Report Question
0%
R
s
.
18.20
0%
R
s
.
70
0%
R
s
.
72
0%
R
s
.
88.25
Explanation
Given that,
S
.
P
.
=
R
s
.
392
and
gain
%
=
22.5
%
To find out: profit
We know that,
C
.
P
.
=
S
.
P
.
×
100
100
+
gain
%
∴
C
.
P
.
=
R
s
.
(
100
122.5
×
392
)
=
R
s
.
(
1000
1225
×
392
)
=
R
s
.
320
We also know that,
profit
=
S
.
P
.
−
C
.
P
.
∴
Profit
=
R
s
.
(
392
−
320
)
=
R
s
.
72
.
Hence, the profit of the shopkeeper on the sale of
R
s
.
392
is
R
s
.
72
.
A shopkeeper sells some articles at the profit of
25
% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?
I. Sale price of the article
II. Number of articles sold
Report Question
0%
Only I is necessary
0%
Only II is necessary
0%
Either I or II is necessary
0%
Both I and II are necessary
0%
None of these
Explanation
G
a
i
n
=
25
% of C.P.
In order to find gain, we must know the sale price of each article and the number of articles sold.
Correct answer is (D).
An example of property tax is:
Report Question
0%
Wealth tax
0%
Income tax
0%
Sales tax
0%
Excise duty
Explanation
Property tax is a tax levied directly on the property. Wealth tax comes under property tax
The percentage profit earned by selling an article for Rs.
1920
is equal to the percentage loss incurred by selling the same article for Rs.
1280
. At what price should the article be sold to make
25
% profit?
Report Question
0%
Rs.
2000
0%
Rs.
2200
0%
Rs.
2400
0%
Data inadequate
Explanation
Let C.P. be
R
s
.
x
.
Then,
1920
−
x
x
×
100
=
x
−
1280
x
×
100
⇒
1920
−
x
=
x
−
1280
⇒
2
x
=
3200
⇒
x
=
1600
∴
Required
S
.
P
.
=
125
% of
R
s
.
1600
=
R
s
.
(
125
100
×
1600
)
=
R
s
2000
.
In what time will Rs,
15
,
000
yield Rs.
4965
as compound interest at
10
% per year compounded annually?
Report Question
0%
3
years
0%
2
years
0%
1
years
0%
4
years
Explanation
Interest for the first year
=
1500
×
10
×
1
100
=
Rs
1500
Amount after the first year
=
Rs
15000
+
1500
=
Rs
16500
Interest for the second year
=
16500
×
10
×
1
100
=
Rs
1650
Amount after the third year
=
18150
×
10
×
1
100
=
Rs
1815
Final amount
=
Rs
18150
+
1815
=
Rs
19965
Compound interest
=
Rs
19965
−
15000
=
Rs
4965
Required time
=
3
years
A sum of Rs.
12
,
000
is invested for
3
years at
18
% per annum compound interest. Calculate the interest for the third year.
Report Question
0%
2700
0%
2800
0%
2900
0%
3000
Explanation
Interest for the first year =
12000
×
1
×
18
100
=
2160
Amount after first year =
12000
+
2160
=
14160
Interest for second year =
14160
×
1
×
18
100
=
2550
Amount after second year =
14160
+
2550
=
16708.8
Interest for third year =
16708.8
×
1
×
18
100
=
3000
(
a
p
p
r
o
x
)
A sum of Rs.
25
,
000
is invested for
3
years at
20
% per annum compound interest. Calculate the interest for the third year.
Report Question
0%
6000
0%
7200
0%
8400
0%
5000
Explanation
Interest for the first year =
25000
×
1
×
20
100
=
5000
Amount after first year =
25000
+
5000
=
30000
Interest for second year =
30000
×
1
×
20
100
=
6000
Amount after second year =
30000
+
6000
=
36000
Interest for third year =
36000
×
1
×
20
100
=
7200
(
a
p
p
r
o
x
)
__________ is calculated on both the amount borrowed and any previous interest.
Report Question
0%
simple interest
0%
annual interest
0%
compound interest
0%
complex interest
Explanation
Compound interest
is calculated on both the amount borrowed and any previous interest.
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.
It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. Compound interest is standard in finance and economics.
⇒
C
.
I
.
=
A
−
P
A sum of Rs.
12
,
000
is invested for
3
years at
18
% per annum compound interest. Calculate the interest for the second year.
Report Question
0%
2500
0%
2525
0%
2550
0%
2575
Explanation
Interest for first year =
12000
×
1
×
18
100
=
2160
Amount after first year =
12000
+
2160
=
14160
Interest for second year =
14160
×
1
×
18
100
=
2550
(
a
p
p
r
o
x
)
Which interest is computed on the sum of an original principal and accrued interest?
Report Question
0%
Simple interest
0%
Annual interest
0%
Compound interest
0%
Complex interest
Explanation
Compound interest
is computed on sum of original principal and accrued interest.
Conversely, compound interest accrues on the principal amount and the accumulated interest of previous periods; it includes interest on interest, in other words.
It is calculated by multiplying the principal amount by the annual interest rate raised to the number of compound periods, and then minus the reduction in the principal for that year.
⇒
C
.
I
.
=
P
(
1
+
R
100
)
T
−
P
If M.P.
=
140
, S.P.
=
105
, then Discount
=
__________.
Report Question
0%
245
0%
25
0%
30
0%
35
Explanation
Given market price
=
140
and sales price
=
105
Then total discount
=
Market Price - Sales Price
=
140
−
105
=
35
Akhilesh bought a house for Rs 9,50,Rs 50,000 was spent on colour. For earning a profit of 14.5%, how much should sell the home for?
Report Question
0%
R
s
7
,
55
,
000
0%
R
s
8
,
55
,
000
0%
R
s
5
,
45
,
000
0%
None of these
Explanation
Total rupees spent to buy the building and for painting
=
9
,
50
,
000
+
50
,
000
=
R
s
.
10
,
00
,
000
Now,
profit taken for selling of building is more than
14.5
%
of total cost of building including painting;
So,
14.5
%
o
f
10
,
00
,
000
=
1000000
×
14.5
100
=
145000.
Now,
Selling price of building after gaining profit is
=
10
,
00
,
000
+
1
,
45
,
000
=
R
s
.
11
,
45
,
000
A trader buys some TVs at
20
%
rebate on printed price
R
s
.
18
,
000.
For a long time he could not sell any TV. So he sells it by giving a rebate of
R
s
.2700
on printed price, what amount of profit or loss does he make? How much percentage of rebate does a customer earn?
Report Question
0%
Profit
=
R
s
.
500
,
20
%
Rebate
0%
Profit
=
R
s
.
100
,
25
%
Rebate
0%
Profit
=
R
s
.
900
,
15
%
Rebate
0%
None of these
Explanation
Given:
Discount
% = 20
Marked Price
= Rs.18000
Discount amount
=
18000
×
20
100
=
3600
Cost price
=
18000
−
3600
=
R
s
.14400
Given:
Further the trader offers a discount of
=
R
s
.
2700
Selling price
=
R
s
.
18000
−
R
s
.
2700
=
R
s
.
15300
Now, Profit
=
R
s
.15300
−
R
s
.
14400
=
R
s
.
900
So, Discount
%
=
d
i
s
c
o
u
n
t
M
a
r
k
e
d
P
r
i
c
e
×
100
=
2700
18000
×
100
=
15
%
A saree trader brings some sarees at
25
%
rebate on
R
s
1600
printed price. He sells each scree at
R
s
1440
per piece. What amount of profit or loss does he make? How much percentage of rebate does a customer earn?
Report Question
0%
R
s
180
Profit,
15
%
Rebate
0%
R
s
240
Profit,
10
%
Rebate
0%
R
s
100
Profit,
18
%
Rebate
0%
None of these
Explanation
discount % availed by the trader = 25%
Printed price of the saree = Rs 1600
Actual Cost Price of the saree = Rs 1600 - 1600
×
25
100
=
R
s
1600
−
400
=
R
s
1200
Now Selling price of the saree = Rs 1440.
Profit = Selling price - Cost Price = Rs 1440 - Rs 1200 = Rs 240.
r
e
b
a
t
e
=
Print price - selling price
=
1600
−
1440
=
160
r
e
b
a
t
e
%
=
r
e
b
a
t
e
p
r
i
n
t
p
r
i
c
e
×
100
=
160
1600
×
100
=
10
%
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