This quiz works best with JavaScript enabled. Home > Unit V Mathematical Reasoning And Aptitude > Discount – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Discount Quiz 2 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Use of discounting reduces the impact of long-term, less likely cash flows A) Advantage. B) Disadvantage. Show Answer Correct Answer: B) Disadvantage. 2. Discuss the different types of discounting with examples. A) Employee discount, student discount, senior citizen discount. B) Regular price, sale price, clearance price. C) Early bird discount, last-minute discount, loyalty discount. D) Trade discount, cash discount, quantity discount, seasonal discount, and promotional discount. Show Answer Correct Answer: D) Trade discount, cash discount, quantity discount, seasonal discount, and promotional discount. 3. Kaden went shopping for a new hat. It was on sale for 15% off. If the regular price was $ 25, how much did he pay for the hat? (No tax) A) $ 3.75. B) $ 15.00. C) $ 19.99. D) 21.25. Show Answer Correct Answer: D) 21.25. 4. A single discount equivalent to successive discounts of 30%, 20% and 10% is A) 50%. B) 51%. C) 49.4%. D) 49.6%. Show Answer Correct Answer: D) 49.6%. 5. If there is a 25% discount applied to $ 129 Nike sneakers, what is the new sales price of the Nikes? A) $ 32.25. B) $ 96.75. C) $ 161.25. D) $ 128.75. Show Answer Correct Answer: B) $ 96.75. 6. Malachi bought a new fishing rod. The regular price of the fishing rod was $ 125.99. He bought it on sale with a 15% discount. Sales tax of 3% is applied to the discounted total. What was the sale price with tax of Malachi's fishing rod to the nearest cent? A) $ 110.30. B) $ 107.09. C) $ 110.87. D) $ 109.30. Show Answer Correct Answer: A) $ 110.30. 7. Process of changing future value to the present value known as A) Compounding. B) Discounting. C) Simple interest. D) Principal. Show Answer Correct Answer: B) Discounting. 8. When Future Value is converted to Present Value, the process is known as? A) Discounting. B) Compounding. C) Staffing. D) Controlling. Show Answer Correct Answer: A) Discounting. 9. A LCD set was sold for Rs.34000 after allowing a discount of 15%.The MP of the set is A) Rs.50,000. B) Rs.40,000. C) Rs.10,000. D) Rs.30,000. Show Answer Correct Answer: B) Rs.40,000. 10. Lacie bought a $ 20 shirt that was 30% off. What did she pay AFTER tax of 6% was added to the price of the shirt? A) $ 14. B) $ 26. C) $ 15.20. D) $ 14.84. Show Answer Correct Answer: D) $ 14.84. ← PreviousNext →Related QuizzesDiscount Quiz 1Discount Quiz 3Discount Quiz 4Discount Quiz 5Discount Quiz 6Discount Quiz 7Discount Quiz 8Discount Quiz 9Discount Quiz 10Discount Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books