Discount Quiz
Discount Quiz lovers might appreciate a bit of history: the term “discount” originated from the financial world during the early 17th century when bankers would reduce the value of promissory notes if they were paid before the due date. The concept quickly spread to retail, becoming a common practice to encourage quick sales. Today, discounts are everywhere, from online shopping carts to local markets. This quiz explores discount problems that reflect the logic and math behind those tempting markdowns. Learn how percentage discount questions are calculated and uncover the secrets of effective price reductions. Dive into how to solve discount questions step by step and build confidence in your math skills as you explore these practical, real-world examples.
Sample Questions from This Quiz
- A merchant marked his goods at 40% above the cost price and then offered a discount of 20% on the marked price. If the final selling price of the item is $224, what was its original cost price?
- A store offers a discount of 10% on the first $100 of a purchase and 20% on the amount exceeding $100. If a customer paid $170, what was the total value of their purchase before the discount?
- A trader marks his goods at 50% above the cost price and then offers a 20% discount. If the trader still makes a profit of $30, what was the cost price of the item?
- A shopkeeper allows a 12% discount on the marked price of an article and still makes a profit of 10%. If the cost price is $250, what is the marked price?
- A jacket is sold for $360 after two successive discounts of 10% and 20%. What was the original price of the jacket?
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