Single Discount MCQ Quiz - Objective Question with Answer for Single Discount - Download Free PDF

Last updated on Jun 29, 2025

Latest Single Discount MCQ Objective Questions

Single Discount Question 1:

A store has a product with a cost price of ₹400. Additionally, if a customer uses a store loyalty card, they receive an extra 5% discount. What is the final price the customer pays?

  1. 360
  2. 380
  3. 390
  4. 480

Answer (Detailed Solution Below)

Option 2 : 380

Single Discount Question 1 Detailed Solution

Given:

Cost Price (CP) = ₹400

Discount = 5%

Formula used:

Final Price = CP × (1 - Discount/100)

Calculation:

Final Price = ₹400 × (1 - 5/100)

⇒ Final Price = ₹400 × (1 - 0.05)

⇒ Final Price = ₹400 × 0.95

⇒ Final Price = ₹380

∴ The correct answer is option (2).

Single Discount Question 2:

A shopkeeper offers a festive offer: buy any three shirts, get two free. Find the equivalent percentage discount for the offer.

  1. 30%
  2. 60%
  3. 20%
  4. 40%

Answer (Detailed Solution Below)

Option 4 : 40%

Single Discount Question 2 Detailed Solution

Given:

A shopkeeper offers a festive offer: buy any three shirts, get two free.

Formula used:

Equivalent Discount Percentage = Number of Free Items/Total Items (Paid + Free) × 100

Calculation:

Total shirts = 3 (paid) + 2 (free) = 5

Equivalent Discount Percentage = 2/5 × 100

⇒ Equivalent Discount Percentage = (2 × 100) / 5

⇒ Equivalent Discount Percentage = 200 / 5

⇒ Equivalent Discount Percentage = 40%

∴ The correct answer is option (4).

Single Discount Question 3:

An article is at 10% more than the CP. If discount of 10% is allowed then which of the following is right ?

  1. 1% gain
  2. 1% loss
  3. no gain no loss
  4. More than one of the above
  5. None of the above

Answer (Detailed Solution Below)

Option 2 : 1% loss

Single Discount Question 3 Detailed Solution

Given:

Marked price is 10% more than the cost price (CP).

Discount of 10% is allowed.

Formula used:

Marked price (MP) = CP + 10% of CP

Selling price (SP) = MP - 10% of MP

Profit/Loss = SP - CP

Profit/Loss % = (Profit/Loss / CP) × 100

Calculation:

Let the cost price (CP) be 100.

Marked price (MP) = 100 + 10% of 100 = 100 + 10 = 110.

Discount = 10% of 110 = 11.

Selling price (SP) = 110 - 11 = 99.

Profit/Loss = SP - CP = 99 - 100 = -1.

Loss = 1.

Loss % = (1 / 100) × 100 = 1%.

∴ There is a loss of 1%.

Top Single Discount MCQ Objective Questions

A store has a product with a cost price of ₹400. Additionally, if a customer uses a store loyalty card, they receive an extra 5% discount. What is the final price the customer pays?

  1. 360
  2. 380
  3. 390
  4. 480

Answer (Detailed Solution Below)

Option 2 : 380

Single Discount Question 4 Detailed Solution

Download Solution PDF

Given:

Cost Price (CP) = ₹400

Discount = 5%

Formula used:

Final Price = CP × (1 - Discount/100)

Calculation:

Final Price = ₹400 × (1 - 5/100)

⇒ Final Price = ₹400 × (1 - 0.05)

⇒ Final Price = ₹400 × 0.95

⇒ Final Price = ₹380

∴ The correct answer is option (2).

Single Discount Question 5:

A store has a product with a cost price of ₹400. Additionally, if a customer uses a store loyalty card, they receive an extra 5% discount. What is the final price the customer pays?

  1. 360
  2. 380
  3. 390
  4. 480

Answer (Detailed Solution Below)

Option 2 : 380

Single Discount Question 5 Detailed Solution

Given:

Cost Price (CP) = ₹400

Discount = 5%

Formula used:

Final Price = CP × (1 - Discount/100)

Calculation:

Final Price = ₹400 × (1 - 5/100)

⇒ Final Price = ₹400 × (1 - 0.05)

⇒ Final Price = ₹400 × 0.95

⇒ Final Price = ₹380

∴ The correct answer is option (2).

Single Discount Question 6:

A shopkeeper offers a festive offer: buy any three shirts, get two free. Find the equivalent percentage discount for the offer.

  1. 30%
  2. 60%
  3. 20%
  4. 40%

Answer (Detailed Solution Below)

Option 4 : 40%

Single Discount Question 6 Detailed Solution

Given:

A shopkeeper offers a festive offer: buy any three shirts, get two free.

Formula used:

Equivalent Discount Percentage = Number of Free Items/Total Items (Paid + Free) × 100

Calculation:

Total shirts = 3 (paid) + 2 (free) = 5

Equivalent Discount Percentage = 2/5 × 100

⇒ Equivalent Discount Percentage = (2 × 100) / 5

⇒ Equivalent Discount Percentage = 200 / 5

⇒ Equivalent Discount Percentage = 40%

∴ The correct answer is option (4).

Single Discount Question 7:

An article is at 10% more than the CP. If discount of 10% is allowed then which of the following is right ?

  1. 1% gain
  2. 1% loss
  3. no gain no loss
  4. More than one of the above
  5. None of the above

Answer (Detailed Solution Below)

Option 2 : 1% loss

Single Discount Question 7 Detailed Solution

Given:

Marked price is 10% more than the cost price (CP).

Discount of 10% is allowed.

Formula used:

Marked price (MP) = CP + 10% of CP

Selling price (SP) = MP - 10% of MP

Profit/Loss = SP - CP

Profit/Loss % = (Profit/Loss / CP) × 100

Calculation:

Let the cost price (CP) be 100.

Marked price (MP) = 100 + 10% of 100 = 100 + 10 = 110.

Discount = 10% of 110 = 11.

Selling price (SP) = 110 - 11 = 99.

Profit/Loss = SP - CP = 99 - 100 = -1.

Loss = 1.

Loss % = (1 / 100) × 100 = 1%.

∴ There is a loss of 1%.

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