Question

Write 'T' for true and 'F' for false for each of the following:
(i) SP = $\frac{(100+\mathrm{loss}\%)}{100}\times \mathrm{CP}.$
(ii) CP = $\frac{100}{(100+\mathrm{gain}\%)}\times \mathrm{SP}.$
(iii) Gain is reckoned on the selling price.
(iv) The discount is allowed on the marked price.

Answer 1

​(i) False (F)

$\mathrm{SP}=\left\{\frac{\left(100-\mathrm{loss}\%\right)}{100}\times \mathrm{CP}\right\}$


(ii) True (T)

(iii) False (F)
Gain is reckoned on the cost price.

(iv) True (T)