Q. 135.0( 2 Votes )

Fill in the blank

Answer :

(i) Marked


Selling Price = Marked Price - Discount


(ii) Cost price


If seller sells any item greater than Cost Price, it is said to have a Gain.


Gain = SP - CP


If seller sells any item less than Cost Price, it is said to have a Loss.


Loss = CP – SP


(iii) Discount


SP is the amount that we pay for an article when purchased.


Marked Price is the price that is without any discount.


Discount is amount which we get as a rebate for purchasing the article.


(iv) Selling price


VAT is always charged on the Selling Price of an article and not on the MRP.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Sarita buys goodsRD Sharma - Mathematics

A colour T.V. is RD Sharma - Mathematics

Reena goes to ashRD Sharma - Mathematics

The cost of furniRD Sharma - Mathematics