Maths Discount Test 15

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Maths Discount Test 15: Master the Art of Savings

Discounts are an important part of consumer purchases, budgeting, and pricing strategies for businesses. In different industries, from retail shopping to financial investments, understanding how discounts work may enable individuals and businesses to maximize their savings. The Maths Discount Test 15 at Nokryan.com Building Confidence in Discount Calculations. Our mission at Nokryan is to enhance your proficiency in the intricacies of discount mathematics and its practical implications, enabling you to tackle pricing dilemmas and enticing promotions with confidence.

Key Concepts Covered in the Test

1. Understanding Discounts and Their Types

Get an overview of what discount means and how it is applied to the selling price.
Here’s a list of various types of discounts:
- Percentage Discounts – e.g. ”Save 20% off on everything!
- Fixed Amount Discounts – Example: “$10 off your next purchase.”
- Bulk Purchase Discounts – Used in wholesale pricing and business deals.
- Seasonal & Promotional Discounts – Just like Holiday sales, clearance discounts, and Black Friday deals.
- Student & Membership Discounts – Special discounts are offered for students, seniors, and loyalty program members.

2. Discount Calculation Formulas

Master essential discount formulas to quickly determine final prices:
- Discount Amount = (Original Price × Discount Percentage) / 100
- Final Price = Original Price – Discount Amount
- Successive Discounts Calculation – Learn how multiple discounts on the same item are applied.
Apply these formulas to real-life scenarios, such as shopping deals, hotel bookings, and travel expenses.

3. Discounts and Markup Relationship

Understand how businesses apply discounts without incurring losses.
Learn the concept of markup pricing and how it offsets discounts.
Explore case studies of pricing strategies used in retail and e-commerce.

4. Taxation and Discounts

Understand how taxes (such as VAT and GST) affect discounted prices.
Learn to calculate the final price after applying both discounts and taxes in different order sequences.

5. Real-Life Applications and Word Problems

Solve real-world problems like:
- Finding the best deal between different discount offers.
- Calculating the actual savings from a promotional sale.
- Comparing student discounts vs. regular sale offers.
Develop quick mental math skills to make instant discount calculations while shopping.

Why Take Maths Discount Test 15?

This test offers a structured approach to mastering discounts with:

Step-by-Step Explanations – Understand discount calculations in detail.
Interactive Learning – Multiple-choice questions and real-world scenarios for better engagement.
Time-Saving Strategies – Quick tricks to calculate discounts without a calculator.
Practical Applications and How to Use it: – Useful for everyday shopping, business pricing, and financial management.
Competitive Exam Preparation – Best suited for students preparing for exams related to banking, commerce, and finance.

Who Should Take This Test?

Students & Exam Aspirants – Strengthen your problem-solving skills for competitive exams.
Business Owners & Retailers – Learn how to apply effective pricing and discount strategies.
Smart Shoppers & Savers – Maximize your savings with improved discount calculation skills.
Finance & Commerce Enthusiasts – Gain practical insights into pricing, tax, and sales strategies.

Start Saving Smarter Today!

The Maths Discount Test 15 at Nokryan.com provides an engaging and practical approach to mastering discounts. Whether you’re a student, business owner, or everyday shopper, this test equips you with the skills to make informed financial decisions.

Take the test now and become an expert in discount calculations with Nokryan.com!

Maths Discount Test.15

Quiz Instructions:

There will be 20 multiple choice question in this online test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 3 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.

1 / 20

A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?

A. Rs. 704

B. Rs. 640

C. Rs. 774

2 / 20

A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash payment. His net loss is ?

A. 8%

B. 10%

C. 16%

3 / 20

The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, the first 10%. What was the second discount rate ?

A. 12%

B. 14%

C. 15%

4 / 20

A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How much profit or loss does he make, if any ?

A. 1% gain

B. 1% loss

C. 5% gain

5 / 20

If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:________?

A. Rs. 768

B. Rs. 968

C. Rs. 1960

6 / 20

The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

A. Rs. 1325

B. Rs. 1300

C. Rs. 1350

7 / 20

The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is:_______?

A. Rs. 1800

B. Rs. 1450

C. Rs. 1360

8 / 20

The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is:

A. 12%

B. 14%

C. 15%

9 / 20

Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same?

A. Rs. 10

B. Rs. 10.40

C. Rs. 15.20

10 / 20

The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:

A. 6 months

B. 8 months

C. 9 months

D. 10 months

11 / 20

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

A. gains Rs. 55

B. gains Rs. 50

C. loses Rs. 30

12 / 20

If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is:

A. Rs. 20

B. Rs. 21.81

C. Rs. 22

D. Rs. 18.33

13 / 20

The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:

A. Rs. 1386

B. Rs. 1764

C. Rs. 1575

14 / 20

A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

A. Rs. 12,000 in cash

B. Rs. 12,880 at credit

C. Both are equally good

15 / 20

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:_________?

A. 12%

B. 13%

C. 15%

16 / 20

A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

A. 0%

B. 5%

C. 7.5%

17 / 20

A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay?

A. Rs. 9025.20

B. Rs. 9200

C. Rs. 9600

18 / 20

Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much ?

A. Rs. 992

B. Rs. 1112

C. Rs. 1056

19 / 20

A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:

A. Rs.750

B. Rs.700

C. Rs.940

20 / 20

A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

A. Rs.3100

B. Rs.2700

C. Rs.2200

Your score is

The average score is 0%

Maths Discount Test 15