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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics
9.24 Word Problems on Trade Discount

Example 1:
The market price of an article is $18,000. By selling it at a discount of 20% the loss is 4% find its cost price.
Solution:
Market price = $18,000 and discount = 20%
Therefore, Selling price = M.P(100 - d%) / 100
= 18,000 (100 - 20) / 100
= 18,000 * 80 / 100
Selling price = 14,400
Selling price = $14,400 and loss = 4%
Therefore, Cost price = (Selling price * 100) / (100 - l%)
= (14,400 * 100) / (100-4)
= 1,440,000 / 96
Cost price = $15,000

Example 2:
Jake wants to buy a skateboard. The regular price of the board is $135. Suppose it is on sale at a 25% discount. Find the sale price of the skateboard.
Let d represent discount.
d = 0.25(135) = 33.75
Selling price = 135 - 33.75 = 101.25

Directions: Solve the following questions. Also write at least 5 examples of your own.
Q 1: The cost of manufacture of a radio is $1,150. The market price is fixed 20% above the cost. What percentage of discount may be allowed so that there may be a gain of 8%.
12%
10%
16%
8%

 Q 2: The cost price of a wheel chair is $250. Market price is $300. What percentage of discount may be allowed so that there may be a profit of 12%
6 2/3%
6 1/3%
6 5/7%
6 3/7%

Q 3: The market price of jeans is fixed 28% above the cost of production. What percentage of discount may be allowed so that the gain may be 12%.
13 1/2%
12 1/2%
15%
13 1/3%

 Q 4: A merchant sells an article so as to gain 5% after allowing a discount of 16%. Find the cost price of the article advertised for $725. By how much percentage above the cost price the market price is fixed.
28%
25%
20%
22%

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 Question 6: This question is available to subscribers only!


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