Question

A watch dealer marks the price of a luxury watch 35% above its cost price. During an annual sale, the dealer offers a primary discount of 20% on the marked price. To attract more buyers, a second successive discount of y% is given. If the dealer's overall profit on the transaction is 8% of the cost price, find the value of the second discount y.

Asked in SSC MTS Held On: 06 Feb, 2026 Shift 3 · 2026
Discount and MP · Quantitative Aptitude
Exam PYQ4 Options
Quantitative AptitudeProfit and LossDiscount and MPSuccessive DiscountsTwo Successive DiscountsSSC MTS Held On: 06 Feb, 2026 Shift 32026
💡
Exam Tip

Remember that a discount is calculated on Marked Price, while profit or loss is calculated on Cost Price. Mixing these two bases is a common exam mistake.

Correct AnswerCorrect option for this question
Option D — 0%

Learn Discount and MP in 60 Seconds

Get clear on successive discounts and learn the shortcut for finding the equivalent discount. Watch now.

Topic Video
Everything you need to learn, practice & excel — in one place.
Video-Based Study Material
PYQ-Based Quizzes
1,000+ Informative Audiobooks
300+ Full-Length Mock Tests
Daily Current Affairs
5,000+ PYQs
Watch More in PrepShots

Questions Asked from Discount and MP in Previous Exams

See how many previous-year questions are mapped to this exact video topic across major government exams.

High Exam Frequency
16UPSC Questions Asked in These Years:2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2026
9SSC Questions Asked in These Years:2016, 2017, 2018, 2020, 2021, 2022, 2023, 2024, 2025
8Railways Questions Asked in These Years:2016, 2018, 2020, 2021, 2022, 2024, 2025, 2026
14State PSC Questions Asked in These Years:2002, 2004, 2012, 2013, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025
47 exam questions have been mapped to this exact video topic, with the highest frequency in UPSC, State PSC and SSC.
2-Minute Revision Notes

Revise Discount and MP and Its Related Concepts

Use the mapped visual notes for a quick concept recap.

Open Revision Notes ↗

Related Videos for Quantitative Aptitude

Want to get better at Profit & Loss? Check out these related videos and learn more important concepts.

Hidden Profit-Loss Trick

Same SP, Two Items - The Hidden Loss

Master this tricky Selling Price concept and quickly calculate the net loss when two items are sold at the same price.

Payment Sharing Based on Work

Work & Wages: Sharing Payment

Learn the easy way to calculate each worker’s share and solve wage distribution questions faster.

CP-Based vs SP-Based Profit

Profit on CP vs Profit on SP

Understand Profit on CP vs SP and solve questions with confidence.

Explore More Questions

Continue practising by chapter, topic and related subjects.

Chapter

More Profit and Loss Questions

Related Subject

More Logical Reasoning Questions

One question solved. Keep going.

Continue with the next Profit and Loss question and build your accuracy one question at a time.

Next QuestionPractice in App