FYBFM P/L, Discount, Commission & Brokerage

Discount

1) Mr. Sachin bought a car for Rs.6,00,000 and sold it for Rs.5,20,000. Find the percentage
gain or loss.
2) An article was sold for Rs.340 and 20% profit was earned on it. Find the cost price.
3) An article was sold for Rs.3,825 at 15% loss. Find the price at which it was bought.
4) Find the selling price of an article which was marked at Rs.800, on which a discount of
25% was allowed.
5) By selling an article at Rs.943.50, a person earned 11% profit. What would have been
the % profit or loss if he had sold the article at Rs.765.
6) A publisher offers a Cash discount of 40% on his books marked at Rs.250. If a bookseller
buys 400 copies of the same book, how much cash should he pay to the publisher in
order to avail of this discount?
7) If the sale price of an article is Rs.440 after a discount of 20%, find its marked price.
8) An article costing Rs.150 is to be sold with 20% discount. What should be its market
price, so that, it will fetch a profit of Rs.50?
9) Find the Selling price of the article worth Rs.500, on which the trade discount is 20% and
cash discount is 10%.
10) In a festival season, a shopkeeper gives 25% discount on the list price of his electronic
goods. With the cash discount of 10%, he sold a small TV for Rs.2,700. Find the list
price of the TV.
11) The cost price of a mobile hand set to a company is Rs.3,000. Its list price is Rs.10,000 to
which 50% discount is offered. If the cash discount is 6%, find the profit of the company
on each hand set. Also, state the % profit, per hand set.
12) A company is offering 10% TD and 10% CD as a promotional offer for its product priced
at Rs.1,000. In addition, it is offering a buy one get one free scheme to its customers.
If the CP of the product is Rs.360, show that, the company is still making a profit of Rs.45
per piece, inspite of such a lucrative offer.
13) A company manufacturing cricket kits for children has three partners A, B , C with stakes
50%, 30% and 20% respectively, in the company. The company sold 1,000 cricket kits in
one financial year. The Marked price of each kit is Rs.800 and the Cost price is Rs.450. If
the company is offering 25% TD and 5% CD on each kit, find the following for the
company in the same financial year:
a. Total Profit
b. % Profit
c. Individual profits of each partner.
14) A company is selling a pen-drive with Marked price of Rs.500 and Cost price of Rs.200.
The company has hired an agent with 5% commission on the sale price. If the agent
sells pen-drive with 20% Trade discount and 10% Cash discount, find the profit of the
company for that particular deal.
15) A two-wheeler marked at Rs.36,000, was sold with a 25% discount. If the dealer still got
20% profit, find the Cost price of the two-wheeler.

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FYBFM P/L, Discount, Commission & Brokerage
16) Find the sale price of an article which was marked at Rs. 600, on which 30% discount
was offered.
17) A company offers a cash discount of 25% on its stuffed toys marked at Rs. 80 each. If a
shopkeeper buys 300 such toys, how much cash he has to pay the company in order to
avail of the cash discount ?
18) An article was marked as Rs. 500, whereas its actual cost is Rs.360. if it was sold at 20%
discount, find the profit occurred during this sale.
19) Find the marked price of a gift set which was sold at Rs.850, with 15% discount
20) The cost price of an article was Rs.270. When it was sold with 25% discount on its
marked price, it fetched a profit of Rs.30. Find its marked price.
21) A chordless phone costing Rs.700 is to be sold with 25% discount on its marked price.
What should be its marked price so that, it will fetch a profit of Rs.200?
22) A T.V. set with marked price of Rs.10,000 is to be sold with 30% trade discount and 6%
cash discount. Find its sale price.
23) A dealer sells his goods at 40% trade discount and 5% cash discount. Find the selling
price of a bicycle with marked price as Rs.1,600/-.
24) During Diwali holidays, a shopkeeper gave 50% discount on the marked price of his
goods. In addition, he offered 5% discount on cash payment. Calculate the marked price
of a Tea-set, which he sold for Rs.133 against a cash payment.
25) A furniture company offered 25% trade discount and 3% cash discount. Find the marked
price of a sofa which was sold at Rs.5,820/-.
26) The cost price of a mobile hand set to a company is Rs. 5,000. Its marked price is
Rs.8,000, to which 15% discount is offered. If the cash discount is 10%, find the profit as
well as the percentage profit of the company for each hand set sold against cash
payment.
27) A shopkeeper sold an executive chair, marked at Rs. 4,000, with 25% trade discount and
4% cash discount. Find the profit and the percentage profit if the cost of the chair was
Rs.2,500.
28) Mr. X bought a laptop from abroad for Rs.35,000. He wants to sell it for Rs. 50,000, on
which he is ready to offer 20% discount and a further discount of 2% against a cash
payment. Mr. Y gets him a customer with ready cash for a small commission of 3% on
the sale price. Find the profit earned by Mr. X in this deal.
29) An agent is appointed by a company to sell their products at 12% discount. A further 3%
discount is also offered to customers as a promotional gimmick. Assuming that the
agents commission is 5% on the net price, and that the agent has sold goods listed at
Rs.75,000, find the following :-
a. The net price of the goods sold by the agent.
b. His commission.
c. Amount received by the company.
[Hint : Recall that, the list price is the marked price and the net price is the sale price.
Also, the additional discount of 3% is to be given on the Invoice price]

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FYBFM P/L, Discount, Commission & Brokerage
30) A well-known manufacturer of mixer and blender is offering a discount of 5% on all
varieties and a further discount of 10% under the replacement scheme. i.e. if a customer
surrenders her old mixer to the company, she gets this additional 10% discount.
Assuming that, the company gets Rs.100, per old mixer from a scrap dealer, find the
profit to the company when their mixer with actual cost of Rs.3,500, but with marked
price of Rs.4,600, is sold under the replacement scheme.
31) A company producing LCD monitors for computers, have the following scheme to
promote their sales. They offer 8% discount on every monitor. In addition, if the
customer returns his old monitor in working condition, they give a further 4% discount
under the buy back scheme. The bold monitor is then passed on to small venders for
Rs.500/-. If a customer purchases an LCD monitor of marked price Rs.5,000 from the
company, under the buy back scheme, calculate the profit to the company, if the cost
price of each monitor is Rs.4,000/-.
32) An article is marked at Rs.1,800. A trader allows a discount of 25% and still gains 20%
profit. Find the cost price of the article.
33) A dining table is marked at Rs.2,000. A shopkeeper sells it with a discount of 25% and
still gains 50% profit. Find the cost of the table.
34) A two-wheeler marked at Rs.35,000 is sold by a dealer with 20% discount. If he gains
40% as profit, find the cost price of the two-wheeler.
35) A shop is run by two partners A and B with stakes 60 and 40 respectively. The shop
regularly gives 9% trade discount. However, during Xmas, the partners decided to give a
further 10% discount. If they sold goods worth Rs.40,000 as per the list price on the
Xmas day, find the individual profit of the partners for that day, assuming that the cost
price of the goods sold is Rs.30,000/-.
[Hint : The special Xmas discount of 10% is applicable on the Invoice Price]
36) A company has three partners A, B, C with the stakes 50, 30 and 20 respectively. As per
the policy of the company, they give 18% trade discount and further 5% promotional
discount. If in a particular financial year, the company did a business of Rs.3,00,000 as
per the list price, find the individual profit of the partners, assuming that the cost price
of the goods sold, was Rs.2,00,000/-.
[Hint : The promotional discount is applicable on the Invoice Price]
37) Two friends A and B purchased an article by sharing 70% and 30% of the cost. They
decorated the article, marked it for Rs. 5,000 and kept for sale in an Arts Exhibition. The
policy of the exhibition was to give 8% trade discount and 5% cash discount. The article
was sold for ready cash and the profit of A was Rs.700. State the profit of B and also
find the cost price of the article.

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FYBFM P/L, Discount, Commission & Brokerage
Commission and Brokerage :-

1) A salesman sells a weekly magazine priced at Rs.40 per copy. His sales during 6 weeks
are 314, 467, 963, 312, 530 and 306 copies. If his rate of commission is 15%, find the
amount he earned during the period.
2) Find the agents commission at 25% on the first years premium for a policy of Rs.
50,000, the rate of premium being Rs.38.25 per thousand.
3) An estate is sold for Rs. 25,000 through an estate broker who charges 2% brokerage
from the buyer and 1% from the seller. What amount does the (i) vendor get ? (ii) buyer
pay ? (iii) broker get ?
4) Two agents, A and B, work for the same principal. A entirely on commission basis and B
on salary plus commission arrangement. The former is paid 8 % commission on his
sales and the latter 3 % commission plus a salary of Rs. 3,800 a month. What
miniumum monthly sales should A bring to earn more than B always ?
5) A company fixed the rate of commission to its salesmen as follows :-
(i) 5% on the first Rs.10,000 of sales, (iii) 9% on the next Rs. 5,000,
(ii) 6% on the next Rs. 5,000, (iv) 10% on the balance.

In addition, % bonus is paid on all sales over Rs.20,000. If a salesman secures Rs.28,000
worth of sales, find its total earnings. What is his average rate of commission, bonus
included ?

6) An agent was instructed to sell 5,000 cotton shirts on 2% commission and to invest the
balance after deducting commission charges in purchasing kurtas. The commission paid
on the purchase was %. If the agent altogether Rs.3,555.50, from the two transactions,
find the price at which a shirt was sold.
7) A salesman gets commission of 5% on the total value of sales and 3% bonus on excess of
sales over Rs.10,000. He is also paid an expense of Rs.250. If his total earning are
1,692.40, find his total sales and the amount of bonus he gets.
8) A salesmans salary is reduced by Rs.300, but the rate of his commission on sales
increased by %. If this results in a net increase of Rs.250 to him, find the value of sales
made by him.
9) If an agent gets Rs.350, for a deal of Rs.7,000, find his rate of commission.
10) An agent who was given commission at the rate of 4% on goods sold, received Rs.1120
for a certain deal. What was the value of the goods sold in the deal ?
11) An agent was paid Rs.2,250 as commission on the sales of a certain brand of calculation.
If the rate of commission was 6% and the sale price of each calculator was Rs.125, find
the number of calculators sold by the agent.
12) Find the number of microwave ovens sold by Girish, if his commission was Rs.5,500,
given that, the sales price of each microwave oven was Rs.4,000 and the rate of
commission was 8% on the first Rs.25,000 and 10% on the balance.
13) An agent is allowed 6.25% commission on his total sales of 22,000. Find the
commission.

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FYBFM P/L, Discount, Commission & Brokerage
14) An agent sold a car worth Rs.4,00,000 at 2% commission and a scooter worth Rs.35,000
at 3% commission, find his total commission.
15) A merchant gives his agent 10% commission plus 3.5% del credere on a sale of goods
worth Rs.42,600. How much does he received after paying the agent remuneration.
16) Sheetal bought an insurance policy of Rs.50,000, the rate of first premium being Rs. 45
per thousand. If the agent gets 15% commission on this premium, find the amount of
premium and agents commission.
17) Mr. Raheja bought an insurance policy of Rs.8,00,000, the rate of premium beight Rs.35
per thousand. If the agent gets 12% commission from the company on the premium,
find the amount of premium and agents commission.
18) Find the agents commission at 20% on the first years premium for a policy of Rs.25,000,
the rate of premium being Rs. 40 per thousand.
19) Find the agents commission at 25% on a premium for a policy of Rs.40,000, the rate of
premium being Rs. 37.50 per thousand.
20) A small roadside shop was sold for Rs.48,000 through a broker, who charged 2%
brokerage to the buyer and 1% from the vendor. Find the amount (a) received by the
vendor, (b) paid by the buyer and (c) received by the broker.
21) A car was sold for Rs.30,000 through a broker, who charged 2% brokerage from the
buyer and 3% brokerage from the seller. Find the amount that (a) the buyer paid, (b) the
seller got and (c) the broker enjoyed in the deal.
22) A plot of land was sold for Rs.1,20,000 through an estate agent who charged his
brokerage at 1% from the seller and 1.5% from the buyer. Find the amount which the (a)
seller got (b) buyer paid and (c) broker got.
23) An agent sells goods worth Rs.45,000. If the rate of his commission is 5% on first
Rs.20,000, 6% on the next Rs.10,000 and 8% on the rest, find his commission. Also find
the average rate of commission.
24) An agent sells electronic items worth Rs.67,000. His rate of commission is 3% on first
Rs.25,000, 4% on the next Rs.25,000 and 5% on the rest. Find his commission and the
average rate of commission for the entire deal.
25) The rate of commission of an agent is 5%. In addition, a bonus of 2% offered to him on
the sales exceeding Rs.50,000. Find his commission if his sales are worth Rs.80,000. Also
state the average rate of commission in the entire deal.
26) The rate of commission of an agent is 2% on first Rs.25,000, 4% on next Rs.10,000 and
6% on the rest. In addition, he is promised a bonus of 1% on the entire sales once, if his
sale exceeds Rs.50,000. He sold goods worth Rs.56,000. Find his commission.
27) A man received Rs.2,380 commission on selling goods woth Rs.68,000. What is rate of
his commission?
28) Shejal received Rs.200 brokerage for selling a computer worth Rs. 25,000. Find the rate
of brokerage charged by her.
29) An agent received Rs.435 commission on selling goods worth Rs. 5,800, what was his
rate of commission? Also find the value of goods he must sell to earn Rs. 750 as
commission.

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FYBFM P/L, Discount, Commission & Brokerage
30) A man who was paid commission at the rate of 2.5% on the books sold. If he received
Rs. 112.50, as commission, what was his sale?
31) After deducting his commission at 5% on the first Rs. 8,000 and 3 % on the balance of
sales made by him, an agent remits Rs. 28,058 to his boss. Find the value of goods sold
by him.
32) A salesman is paid a commission of 10% on the business introduced by him and in
addition, he is paid an incentive bonus at 2% on all his business in excess of Rs.50,000
per year. If his total income in a particular year is Rs.6,200, find his total business in that
year.
33) A salesman gets commission of 6% on the total value of the sales and 2% bonus on
excess sales over Rs.15,000. He is also paid a lumpsum allowance of Rs.500. If his total
earnings were Rs. 2,264, find his total sales and the amount of bonus he got.
34)

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