Sample QuestionsCommission, Brokerage and Discount (p-2) questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
When only one discount is given then
- A
List price = Invoice price
- ✓
Invoice price = Net selling price
- C
Invoice price = Cost price
- D
Cost price = Net selling price
Answer: B.
View full solution →The marked price is also called as
Answer: C.
View full solution →Banker’s gain is the simple interest on
Answer: D.
View full solution →Answer: B.
View full solution →Choose the correct alternative:The sum due is also called as
Answer: A.
View full solution →In general cash, the discount is more than trade discount.
The banker’s discount is also called a commercial discount.
The banker’s discount is always lower than the true discount.
The difference between the banker’s discount and true discount is called sum due.
The date on which the period of the bill expires is called the nominal due date.
If buyer is allowed both trade and cash discounts, ____________ discount is fist calculated on ____________ price.
A ____________ is an agent who brings together the buyer and the seller.
The date by which the buyer is legally allowed to pay the amount is known as ____________.
The diffrence between the banker’s discount and the true discount is called ____________.
The banker’s discount is always ____________ than the true discount.
$\text { The true discount on a sum is } \frac{3}{8} \text { of the sum due at } 12 \% \text { p.a. Find the period of the bill. }$
View full solution →The true discount on the sum due $8$ months hence at $12\%$ p.a. is $\text{₹} 560.$ Find the sum due and present worth of the bill.
View full solution →What is the sum due of $\text{₹} 8,000$ due $4$ months at $12.5\%$ simple interest?
View full solution →$\text { A certain sum due } 3 \text { months hence is } \frac{21}{20} \text { of the present worth, what is the rate of interest. }$
View full solution →An agent charges 10% commission plus 2% delcredere. If he sells goods worth $\text{₹}$ 37,200, find his total earnings.
View full solution →An article is marked at $\text{₹}$ 800, a trader allows a discount of 2.5% and gains 20% on the cost. Find the cost price of the article?
View full solution →A merchant gives 5% commission and 1.5% delcredere to his agents. If the agent sells goods worth $\text{₹}$ 30,600 how much does he get? How much does the merchant receive?
View full solution →A salesman gets a commission of 6.5% on the total sales made by him and a bonus of 1% on sales over $\text{₹}$ 50,000. Find his total income on a turnover of $\text{₹}$ 75,000.
View full solution →The true discount on a bill is $\text{₹} 2,200$ and bankers discount is $\text{₹} 2,310.$ If the bill is due $10$ months, hence, find the rate of interest.
View full solution →Find the true discount, Banker’s discount, and Banker’s gain on a bill of $\text{₹} 4,240$ due $6$ months hence at $9\%$ p.a.
View full solution →A merchant buys some mixers at a $15 \%$ discount on catalogue price. The catalogue price is $\text{₹}$ 5,500$ per price of the mixer. The freight charges amount to $2 \frac{1}{2} \%$ on the catalogue price. The merchant sells each mixer at a $5 \%$ discount on the catalogue price. His net profit is $\text{₹}$ 41,250 , Find the number of mixers.
View full solution →A salesman is paid a fixed monthly salary plus commission on the sales. If on sale of $\text{₹}$ 96,000 and $\text{₹}$ 1,08,000 in two successive months he receives in all $\text{₹}$ 17,600 and $\text{₹}$ 18,800 respectively. Find his monthly salary and rate of commission paid to him.
View full solution →The present worth of $\text{₹}$ 11,660 due 9 months hence is $\text{₹}$ 11,000. Find the rate of interest.
View full solution →A shop is sold at $30 \%$ profit, the amount of brokerage at the rate of $\frac{3}{4} \%$ amounts to $\text{₹}$ 73,125 . Find the cost of the shop.
View full solution →An agent sold a car and charged a 3% commission on the sale value. If the owner of the car received $\text{₹}$ 48,500, find the sale value of the car. If the agent charged 2% from the buyer, find his total remuneration.
View full solution →A bill is drawn for $\text{₹}$ 7,000 on 3rd May for 3 months and is discounted on 25th May at 5.5% Find the present worth.
View full solution →After deducting commission at $7 \frac{1}{2} \%$ on first $\text{₹}$ 50,000$ and $5 \%$ on the balance of sales made by him, an agent remits $\text{₹}$ 93,750 to his principal. Find the value of goods sold by him.
View full solution →An agent is paid a commission of 4% on cash sales and 6% on credit sales made by him. If on the sale of $\text{₹}$ 51,000 the agent claims a total commission of $\text{₹}$ 2,700, find the sales made by him for cash and on credit.
View full solution →A bill of $\text{₹}$ 65,700 drawn on July 10 for 6 months was discounted for $\text{₹}$ 65,160 at 5% p.a. On what day was the bill discounted?
View full solution →A trader offers a 25% discount on the catalogue price of the radio and yet makes a 20% profit. If he gains $\text{₹}$ 160 per radio, what must be the catalogue price of the radio?
View full solution →A manufacturer makes a clear profit of 30% on the cost after allowing a 35% discount. If the cost of production rises by 20%, by what percentage should he reduce the rate of discount so as to make the same rate of profit keeping his list prices unaltered.
A bill of a certain sum drawn on 28th February 2007 for 8 months was encashed on 26th March 2007 for $\text{₹}$ 10,992 at 14% p.a. Find the face value of the bill.
View full solution →A bill of $\text{₹} 51,000$ was drawn on $18$th February $2010$ for $9$ months. It was encashed on $28$th June $2010$ at $5\%$ p.a. Calculate the banker’s gain and true discount.
View full solution →A bill drawn on $5$th June for $6$ months was discounted at the rate of $5\%$ p.a. on $19$th October. If the cash value of the bill is $\text{₹} 43,500,$ find the face value of the bill.
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