Question

8. Find the gain & gain percent, when:

(a)Cost Price = Rs.600 Selling Price= Rs. 750

(b) Cost Price = Rs.6000 Overhead expenses = Rs.400

Selling Price = Rs.8000

(c)Selling Price = Rs.1200 Cost Price = Rs.1000​

Answer 1

Answer:

Marked Price

The price on the label of an article/product is called the marked price or list price. This is the price at which product is intended to be sold. However, there can be some discount given on this price and the actual selling price of the product may be less than the marked price. It is generally denoted by MP.

When Discount is offered, M.P. > S.P.