Tag: discount and commission

Quizzes (2) Questions (18)

Questions Related to discount and commission

Multiple choice maths discount and commission commission and rebate commission deductions from earnings

Mrs Sharma invests $15\%$ of her monthly salary that is Rs. $4428$ in Mutual funds. Later she invests $18\%$ of her monthly salary on Pension plans also she invests another $9\%$ of her salary on Insurance policies. What is the total monthly amount invested by Mrs Sharma?

  1. Rs. $113356.80$
  2. Rs. $12398.40$
  3. Rs. $56678.40$

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let Mrs. Sharma's monthly salary be Rs.$x$ 

Then $15\%$ of $x =$ Rs. $4428$
$\displaystyle \Rightarrow x=$ Rs. $\dfrac{4428\times 100}{15}=$ Rs. $29520$
$\displaystyle \therefore$ Total monthly amount invested by Mrs. Sharma $= (15\% + 18\% + 9\%)$ of Rs. $29250$
$\displaystyle =42\%$ of Rs. $29250$
$=\dfrac{42}{100}\times 29250$
$=$ Rs. $12398.40$

Multiple choice maths discount and commission commission and rebate commission deductions from earnings

Read the following information carefully to answer the question given below
The sum of the incomes of A and B is more than that of C and D taken together The sum of the incomes of A and C is the same as that of B and D taken together Moreover A earns half as much as the sum of the incomes of B and D If A's income be Rs.80,000 per annum and the difference between the incomes of B and D be the same as A's income B's income is __________

  1. Rs. 40,000

  2. Rs. 60,000

  3. Rs. 80,000

  4. Rs. 1,20,000
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

$incomes\quad of\quad A\quad +\quad B\quad >\quad C\quad +\quad D$
$incomes\quad of\quad A\quad +\quad C\quad =\quad B\quad +\quad D$
$incomes\quad of\quad A\quad =1/2*(\quad B\quad +\quad D)=Rs. 80,000$
So, $incomes\quad of\quad B\quad +\quad D=80000*2=160000$  ----eq1
$incomes\quad of\quad B\quad -\quad D=Rs. 80,000$  -------eq2
from eq1 and eq2 
$2*incomes\quad of\quad B=240000$
$incomes\quad of\quad B=120000$
 Answer (D) 1,20,000


Multiple choice maths discount and commission commission and rebate commission deductions from earnings

Choose the correct option

  1. A commission is amount of money that salesperson spend

  2. A commission is amount of money that a salesperson earns by making a sale
  3. Commission $=\cfrac { \text{Rate of commission} }{\text{ Amount of sales }} $

  4. None
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Commission is the amount of money that an individual receives based on the level of sales he or she has obtained. 

The sales person is provided a certain amount of money in addition to his/her standard salary based on the amount of sales obtained and that is called a commission.
So, a commission is an amount of money that a salesperson earns by making a scale.
Hence, option B is correct.

Multiple choice maths discount and commission commission and rebate commission deductions from earnings

Amit makes $Rs.30000$ in month which includes salary and commission. The commission rate is $10$%. Calculate the salary without commission. Amount of sales $20000$

  1. $Rs.2800$
  2. $Rs.28000$
  3. $Rs.30000$

  4. None
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total earning $=Rs.30000=$ Salary + Commission
Salary =30000- commission
commission $=$ Rate $\times$ Amount of sales
$=10$% $\times 20000=10\times 200$
$=Rs.2000$
Salary $=30000-2000=Rs.28000$

Multiple choice maths discount and commission commission and rebate commission deductions from earnings

Mohit's monthly salary was  5445q. He saved 30% of it and gave $\dfrac{1}{2}$ of the remainder to his parents. If Mohit used $\dfrac{3}{4}$ of the amount of money, he had left to buy a guitar, then how much money would he have left, if q = 8?

  1. 1100.50

  2. 11434.50

  3. 11079.50

  4. 3811.50
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total salary $=5445q$

$\underbrace {(0.3\times 5445q)} _{saving}+\underbrace {\cfrac {0.6}{2}\times 5445q} _{Gives\quad of\quad parents}$
For guitar, $(0.25\times 5445q)\times (0.4)$
So, money left to him is $3811.60$