The cost price and the overhead expenses together make up the effective selling price.
True
False
If a doll is bought for ₹ 75 and sold for ₹ 100, then a profit is made.
True
False
A dealer lists a table at 20% above the cost price and allows a discount of 10%. His profit% is 8%.
True
False
The discount is allowed on the net selling price.
True
False
The rate of VAT is uniform throughout the country.
True
False
The cost of 1 kg flour is ₹ 20. If 5% sales tax is added, the buying price of 1 kg flour becomes ₹ 21.
True
False
Value Added Tax (VAT) is calculated on the S.P. of an article.
True
False
Click the correct answer.
If C.P. = ₹ 500 and S.P. = ₹ 620, then what is profit%?
24%
24.5%
22%
22.5%
Which is the single discount equivalent to two successive discounts of 10% and 5%?
14%
14.5%
15%
15.5%
The list price of a book is ₹ 130. If it is sold at a discount of 15%, what is its S.P?
₹ 110.00
₹ 115.00
₹ 110.50
₹ 115.50
Anu purchased a video player for ₹ 1,760 including VAT. If the rate of VAT is 10%, what is the S.P. of the video player?
₹ 1,650
₹ 1,700
₹ 1,640
₹ 1,600
Krish bought a tape recorder for ₹ 8,000 and sold it to Maya, and Maya sold it to Chetna. If Krish and Maya earned a profit of 20%, which of the following is true?
Both earned the same profit
Krish earned more profit than Maya
Krish earned less profit than Maya
None of these
Kishore bought a CD player for ₹ 3,500. He sold it for ₹ 3,080. What is his loss%?
12%
10%
11%
14%
By selling a television set for ₹ 8,100, a dealer suffers a loss of 10%. What is the cost price of the television?
₹ 9,000
₹ 8,700
₹ 9,400
₹ 10,000
Click the correct answer.
The
on the marked price of an article is called discount.
rebate given
extra amount taken
overhead expenses
The loss and gain percent are always calculated on the
C.P.
S.P.
M.P.
The value of 15% VAT on ₹ 1,560 is equal to
.
₹ 234
₹ 221
₹ 250
If a table lamp marked ₹ 1,250 is sold for ₹ 1,175, then the discount% on it is
.
6%
8%
10%
The gain made if the S.P. is
the C.P. is called profit.
more than
less than
equal to
Abida bought 100 pens at the rate of ₹ 3.50 per pen and pays a sales tax of 4%. The total amount paid by Abida is
.
₹ 364
₹ 280
₹ 380
In the market, the price of every article is marked. It is called
.
marked price
discount
selling price
If the S.P. of an article is less than its C.P., then the difference between the C.P. and the S.P. is called
.
loss
profit
marked price
The expenses incurred in packing, cartage, taxes, labour charges, etc., are called
.
