This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Discount – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Discount Quiz 10 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the formula of discount percent? A) $Discount\ percent\ =\ \frac{Discount}{CP}\times100%$. B) $Discount\ percent\ =\ \frac{Discount}{SP}\times100%$. C) $Discount\ percent\ =\ \frac{Discount}{MP}\times100%$. D) $Discount\ percent\ =\ \frac{MP}{Discount}\times100%$. Show Answer Correct Answer: C) $Discount\ percent\ =\ \frac{Discount}{MP}\times100%$. 2. Calculate the Present Value of Rs.1000 received in perpetuity for an infinite period, taking discount rate of 10%. A) 11000. B) 10000. C) 10500. D) 11500. Show Answer Correct Answer: B) 10000. 3. Mr. Rajan is to receive Rs. 5000 after 5 years from now. His time preference for money is 10%p.a. Calculate its Present Value, if the discount factor is 0.621. A) Rs. 3105. B) Rs.3150. C) Rs.3015. D) Rs.3510. Show Answer Correct Answer: A) Rs. 3105. 4. Find the marked price when:Discount = 15% and SP= Rs. 1020 A) Rs. 1173. B) Rs. 1200. C) Rs. 1210. D) Rs. 867. Show Answer Correct Answer: B) Rs. 1200. 5. If the loan is discounted, it means that A) The interest is paid by the bank. B) The interest is paid by the borrower. C) The interest is deducted in advance. D) The interest is waived. Show Answer Correct Answer: C) The interest is deducted in advance. 6. The interest rate used to calculate the present value of future cash flows is called the: A) Compound interest rate. B) Present value factor. C) Future value factor. D) Discount rate. Show Answer Correct Answer: D) Discount rate. 7. The price of ceramic frying pan is $ 35. Ms Ivia paid $ 24.50 for it during end of year sale. How much % discount did she receive? A) 15%. B) 20%. C) 30%. D) 40%. Show Answer Correct Answer: C) 30%. 8. Explain how discounting is applied in business operations. A) By offering free products or services to attract customers. B) By offering reduced prices for products or services to attract customers, increase sales, or clear out inventory. C) By increasing prices to attract more customers. D) By reducing the quality of products or services to attract customers. Show Answer Correct Answer: B) By offering reduced prices for products or services to attract customers, increase sales, or clear out inventory. 9. The price of a telephone is 200$ in shop A and 240$ in shop B. If you get 15% discount in shop B, where would you buy the telephone (both shops are next to each other)? A) Shop A. B) Shop B. C) Neither. D) They would be the same price. Show Answer Correct Answer: A) Shop A. 10. At a store, a shirt has a regular price of x dollars. During a sale, the price of the shirt is discounted by 30%. Which expression describes the discounted price, in dollars, of the shirt? A) 0.3x. B) X-30. C) X-0.3. D) X-0.3x. Show Answer Correct Answer: D) X-0.3x. ← PreviousNext →Related QuizzesDiscount Quiz 1Discount Quiz 2Discount Quiz 3Discount Quiz 4Discount Quiz 5Discount Quiz 6Discount Quiz 7Discount Quiz 8Discount Quiz 9Discount Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books