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C.P. = M.P. – Discount. State whether the statement is true (T) or false (F).

Answer: False The relation between marked price and discount is given by Selling price (S.P) = Marked price(M.P) – Discount Discount Rate... View Article

Compound interest is the interest calculated on the previous year’s amount. State whether the statement is true (T) or false (F).

Answer: True The stated statement is true. Compound interest means that the interest on the previous year is liable to more interest. Compound... View Article

Discount is a reduction given on cost price of an article. State whether the statement is true (T) or false (F).

Answer: Discount is a reduction given on cost price of an article. - False Discount Rate is the price of the total quantity/amount usually less... View Article

Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax. State whether the statement is true (T) or false (F).

Answer: Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax. - False The selling... View Article

To calculate the growth of a bacteria if the rate of growth is known, the formula for calculation of amount in compound interest can be used. State whether the statement is true (T) or false (F).

Answer: True Compound interest is the interest calculated on the principal and the interest accumulated over the previous period. The compound... View Article

5% sales tax is charged on an article marked Rs 200 after allowing a discount of 5%, then the amount payable is ____

Answer: 5% sales tax is charged on an article marked Rs 200 after allowing a discount of 5%, then the amount payable is Rs.199.50. Cost price:... View Article

Four times a number is a ____ increase in the number.

Answer: Four times a number is a 300% increase in the number. When comparing the increase in quantity over a period of time, we first find the... View Article

2500 is greater than 500 by ____.

Answer: 2500 is greater than 500 by 400% When comparing the increase in quantity over a period of time, we first find the difference between... View Article

The cost of a tape-recorder is Rs 10,800 inclusive of sales tax charged at 8%. The price of the tape-recorder before sales tax was charged is _____.

Answer: The cost of a tape-recorder is Rs 10,800 inclusive of sales tax charged at 8%. The price of the tape-recorder before the sales tax was... View Article

Abida bought 100 pens at the rate of Rs 3.50 per pen and pays a sales tax of 4%. The total amount paid by Abida is ______.

Answer: Abida bought 100 pens at the rate of Rs 3.50 per pen and pays a sales tax of 4%. The total amount paid by Abida is Rs.364. Number of... View Article

The cost price of 10 tables is equal to the sale price of 5 tables. The profit per cent in this transaction is _____

Answer: The cost price of 10 tables is equal to the sale price of 5 tables. The profit per cent in this transaction is 100% Profit arises when... View Article

The loss per cent on selling 140 geometry boxes at the loss of S.P. of 10 geometry boxes is equal to _____

Answer: The loss per cent on selling 140 geometry boxes at the loss of S.P. of 10 geometry boxes is equal to 20/3%. Loss is defined as the... View Article

By selling an article for Rs 1,12,000 a girl gains 40%. The cost price of the article was _______

Answer: By selling an article for Rs 1,12,000 a girl gains 40%. The cost price of the article was Rs.80000. Cost price: The amount paid for a... View Article

If amount on the principal of Rs 6,000 is written as 6000 [1+5/100]3 and compound interest payable half yearly, then rate of interest p.a. is and time in years is __.

Answer: If amount on the principal of Rs 6,000 is written as 6000 [1+5/100]3 and compound interest payable half yearly, then rate of interest... View Article

In the first year on an investment of Rs. 6,00,000 the loss is 5% and in the second year the gain is 10%, the net result is 627000.

Answer: In the first year on an investment of Rs. 6,00,000 the loss is 5% and in the second year the gain is 10%, the net result is Rs.627000.... View Article

The compound interest on Rs 8,000 for one year at 16% p.a. compounded half yearly is ______, given that (1.08)2 = 1.1664.

Answer: The compound interest on Rs 8,000 for one year at 16% p.a. compounded half-yearly is Rs. 9331.2, given that (1.08)2 = 1.1664. Given:... View Article

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