Fill in the blanks.
(i) The discount is reckoned on the ......... price.
(ii) Gain or loss is always reckoned on the .........
(iii) SP = (Marked price) − (.........)
(iv) VAT is charged on the ......... of the article.

Open in App

Solution

(i) The discount is reckoned on the marked price.
(ii) Gain or loss is always reckoned on the cost price.
(iii) SP = (Marked price) − (Discount).
(iv) VAT is charged on the selling price of the article.

Suggest Corrections

Similar questions

\frac{100 \times SP}{(. . . . . . + . . . . . .)}

\frac{100}{(100 - loss %)} \times SP = . . . . . . .

CP = \frac{100 \times SP}{(100 - loss %)} .

\frac{(100 + loss %)}{100} \times CP .

\frac{100}{(100 + gain %)} \times SP .

20 %

12 %

Join BYJU'S Learning Program