Tutorial Sheet 5

Foundation of Business Mathematics (23B41MA111)

1. Kitchen Crafters is offered a series discount of 20/10 on a Foreman Grilling Machine with a list price
of ₹180. Find the net cost after the series discount.

2. The list price of a Heartland 30-inch combination gas and electric stove is ₹3095. Find the net cost
after a series discount of 20/10/10.

3. Bed Bath & Beyond is offered a series discount of 20/10 on a Cooking with Cello stainless-steel
cookware set with a list price of ₹150. Find the net cost after the series discount.

4. The list price of a Cuisinart food processor is ₹298.80, and the trade discount is 25% Find the net cost.

5. The list price of an aluminium tripod is ₹65. It is available at either a 15/10/10 discount or a 15/20
discount.
a. Which discount gives the lower price?
b. Find the difference.

6. Kitchen Crafters purchases a tile-topped wooden kitchen island list priced at ₹480. It is available at
either a 10/15/10 discount or a 20/15 discount. (a) Which discount gives the lower price? (b) Find the
difference in net cost.

7. A distributor settled an invoice with terms 2/10, n/30 on 14th May by paying $1232840. What is
(a) Invoice date
(b) Invoiced amount
(c) Credit period and the due date
(d) End of discount period

8. Alpha-Omega Distributor received an invoice for $1625000 dated 12th October, the payment terms
being 3/10, EOM and Alpha-Omega made the payment on 10th November. Is Alpha-Omega entitled
for discount? If so, what is the amount paid by Alpha-Omega?

9. Use the table below to draw line graphs

(a) The number of days a hill side city received snow in different years
Year 2003 2004 2005 2006
Days 8 10 5 12
(b) Population (in Thousands) of men and women in a village in different years
Year 2003 2004 2005 2006 2007
No. of men 12 12.5 13 13.2 13.5
No. of women 11.3 11.9 13 13.6 12.8

10. Find the number of degree and draw Pie-Chart of the following
(a) The favourite flavours of ice-creams for students of a school is given in percentages as given
below
Flavours Percentage of students preferring flavours
Chocolate 50%
Vanilla 25%
 Others 25%

(b) On a particular day, the sales (in rupees) of different items of a baker’s shop are given below:
Items Sale (in rupees)
Ordinary Bread 320
Fruit Bread 80
Cakes and Pastries 160
Biscuits 120
Others 40

11. Find the interest earned Rs. 20,000 deposit for 1 year compounded monthly at 24%.

12. If $1200 is the present value of $1260 due at the end of 9 months, determine the annual simple
interest rate.
Answers:
1. ₹129.60 7. (a) 4th May, (b) $1258000, (c) 3rd June, (d) 14th May
2. ₹2005.56 8. Yes and $1576250
3. ₹108 11. 5364.8
4. ₹224.10 12. 6.67%
5. a. 15/20
b. ₹0.55
6. a. 20/15
b. ₹4.08