Question

A man losses 16%
on cost. How much does this represent on sales?
Rahim bought 2 dozen pencils
and paid 72 paise for each pencil. He so​

Answer 1

Answer:

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Answer 2

Answer:

• Discount is a reduction given on marked price.

Discount = Marked Price – Sale Price (S.P.)

• Discount can be calculated when discount percentage is given.

Discount = Discount % of Marked Price

• Additional expenses made after buying an article are included in

the cost price and are known as overhead expenses.

cost price = buying price + overhead expenses

• Sales Tax is charged on the sale of an item by the government and

is added to the Bill Amount.

Sales tax = Tax% of sale amount

These days, however, the selling prices (known as MRP) include

the tax known as VAT (Value Added Tax).

• The interest compounded annually is the interest calculated on

the previous year’s amount A, (A = P + I).

• The time period after which the interest is added each time to form

a new principal is called the conversion period.

• When the interest is compounded half yearly, there are two

conversion periods in a year of duration 6 months each.

• Amount when interest is compounded annually is

n R A P1

100

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Step-by-step explanation:

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