Tag: commission,brokerage and discount

Quizzes (2) Questions (55)

Questions Related to commission,brokerage and discount

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

An agent gets a commission of $2.5 \%$ on the sales of cloth. If on a certain day, he gets $\text { Rs. } 12.50$ as commission, the cloth sold through him on that day is worth? 

  1. $\text { Rs. } 250$
  2. $\text { Rs. } 500$
  3. $\text { Rs. } 750$
  4. $\text { Rs. } 1250$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Let the cloth sold by the agent $= x$
Comission of sales of cloth $= 2.5\%$
Commission $=\ Rs 12.50$
According to the problem,
$2.5 \%\, of\, x =\ Rs 12.50$
$\dfrac{2.5}{100}\times x = 12.50$ 
$x =\dfrac{12.50\times 100}{2.5}$
$x =\dfrac{1250}{2.5}$
After cancellation we get,
$x =\ Rs. 500$

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

Sudha gets salary of $Rs.1500$ per months and commission at $8$% on the sales over $Rs.10,000$.If she gets $Rs.4500$ in a certain month, find the sales made by her in that month.

  1. Rs $37000$
  2. Rs $32500$
  3. Rs $37500$
  4. Rs $57500$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Given that:

Sudha's commission $4500-1500=Rs.3000$
Sudha gets $Rs.800$ for the sales of $Rs.10,000$
$Rs.3000=\dfrac{15}{4}\times 800$

Hence,
The total sale $=\dfrac{15}{4}\times 10000=Rs.37500$

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

John is a salesman at a pizza hut. He earns $20\%$ commission on his total sales. What would be his commission, if he sold $1200$ rupees pizza?

  1. $120$
  2. $240$
  3. $360$
  4. $250$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Commission $=$ Amount of sales $\times$ Rate of commission
Rate of commission $= 20\% = 0.2$
Amount of sales $= 1200$ rupees
Substitute the values, we get
Commission $= 1200 \times  0.2$
$= 240$ rupees

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

Kumar works as a salesperson in a jewellery shop. He is paid for $25\%$ commission on his sales. He made $4$ sales for $24,500$ rupees. Calculate his commission.

  1. $6127$
  2. $6125$
  3. $6521$
  4. $6725$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Commission $=$ Amount of sales $\times$ rate of commission
Rate of commission $= 25\% = 0.25$
Amount of sales $= 24,500$ rupees
substitute the values, we get
Commission $= 24,500 \times 0.25$
$= 6125$ rupees

Therefore, the commission paid by Kumar is Rs. $6125$.

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

At an electronics store Sara earns a 5% commission on her sales The table here shows her sales for four weeks What was Sara's total commission for these four weeks?
                               Sara's Sales 

Week      1      2     3     4
Sales Rs.1920 Rs.1680 Rs.3360 Rs.2640

  1. Rs 12

  2. Rs 40

  3. Rs 120

  4. Rs 480
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total sales for 4 weeks  $ = 1920+1680+3360+2640 = Rs.9600$

The commission that sara earns $ = \frac { 5 }{ 100 } (9600)= 480$

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

Pia is a sales representative for a printer company. She sells two models of printers - Model P and Model Q.
Last month she sold a total of $120$ printers
The ratio of Model P printers sold to Model Q printers sold was $3:5$.
If Pia is paid a $Rs. 25$ commission for every Model P printer sold and a $Rs. 20$ commission for every Model Q printer sold, what was her total commission last month? 

  1. $Rs. 1480$
  2. $Rs. 2475$
  3. $Rs. 2625$
  4. $Rs. 2760$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Number of P printers sold = $P$

Number of Q printers sold = $Q$
Commission for each P printer sold = $Rs.25$
Commission for each Q Printer sold = $Rs.20$
Given that $\frac { P }{ Q } =\frac { 3 }{ 5 } $
so we can assume that $P = 3x, Q=5x$
Total printers sold $= P+Q = 120$
$\Rightarrow 8x= 120 , x=15$
Total money earned $= (25)(3)(15) + (20)(5)(15) = 1125+1500 = 2625$

 

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

If a commission $10\%$ given on the marked price of a book, the publisher gain $20\%$ . If the commission is increased to $15\%$, the gain of publisher is

  1. $\dfrac {91}{6} \%$
  2. $14\%$
  3. $\dfrac {40}{3} \%$
  4. $\dfrac {50}{3} \%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP $= 100$ and Marked Price be $x$
SP $= 100 + 20\%$ of $100=100+\dfrac{20}{100}\times 100 = 120$
$10\%$ commission was given on SP.
$\Rightarrow$ SP $= x - 10\%$ of $x$
$\Rightarrow 120 = x - \dfrac{10x}{100}$
$\Rightarrow 120 = \dfrac{9x}{10}$
$\Rightarrow 9x = 1200$
$\Rightarrow x = \dfrac{1200}{9} =$ Rs. $133.33$
MP $= 133.33$
If $15\%$ commission was given, then
$\Rightarrow$ SP $= 133.33 - 15\% of 133.33=133.33+\dfrac{15}{100}\times 133.33$
$\Rightarrow$ SP $= 133.33 - 20$
$\Rightarrow$ SP $= 113.33$
Gain $ = 113.33 - 100=13.33$
$\%$ gain  $=\dfrac{13.33}{100}\times 100= 13.33 \%$

Multiple choice business maths commission,brokerage and discount commission and rebate commission deductions from earnings

If a commission of $10$ $\%$ is given on MP of book , the publisher gains $20$ $\%$. If the commission is increase to $15$ $\%$ , the gain $\%$ is?

  1. $10$
  2. $20$
  3. $15$
  4. $\dfrac {40}{3}$

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let MP $= 100$
SP after giving $10$ $\%$ commission $= 100 - 10$ $\%$ of $100 = 90$.
Let CP $= x$
Gain $ = 20$ $\%$
Now, $+x + 20$ $\%$ of $x = 90$
$\dfrac {120 x }{100} = 90$
$x= 75$
CP $= 75$
If $15$ $\%$ commission was given, then SP $= 85$
Gain $= 85 - 75 = 10$
Percent gain  $= \dfrac {(10 \times 100)}{75} = \dfrac {40}{3} = 13.33$ $\%$.