Question

Choose the word opposite in meaning to the given word.
Discount
a. Interest
b. Premium
c. Profit
d. Concession

Answer 1

Hint: A discount is a deduction given on a price which reduces the price so that the customer has to pay a price lower than the mentioned price.

Complete answer:
From the meaning of the word discount, we already know that it is something which is less than the original price. With this in mind, we can find out the correct answer from the options.

Option a is interest. An interest is an extra money paid on a specific price at regular intervals. It makes a person more than he is supposed to pay.
Option b is premium. A premium is a sum added to an already existing price. It is also money paid and there is no lessening of cost while paying a premium. In fact, it is something extra that person might have to pay.
Option c is profit. A profit is an additional amount of money that a person gets on selling something. For example, if I buy something for Rs. 30 and sell it at Rs. 60, I earn a profit of Rs. 30. A profit is an additional earning.
Option d is concession. A concession is a type of discount given on goods so people can buy things at a lower price.
Now that we know all the meanings, let us see which word means opposite to the word discount. Option b, premium, is the correct option because it is an additional charge that is added and not a charge that is subtracted. A subtracted charge is a discount while an added charge is a premium. Thus, the correct option is b.

Note: Noting down all the meanings and then figuring out the correct meaning according to the question helps in getting the answer. All the options need to be carefully read before attempting the question.