Write ‘T’ for true and 'F' for false for each of the following:(i)

1.	Write ‘T’ for true and 'F' for false for each of the following:(i) SP = \(\frac{(100\,+\,loss\%)}{100}\times CP\)(ii) CP = \(\frac{100}{(100\,+\,gain\%)}\times SP\)(iii) Gain is reckoned on the selling price.(iv) The discount is allowed on the marked price.
Answer» (i) False SP = ((100 – Loss %) / 100) × CP (ii) True (iii) False If seller sells any item greater than Cost Price, it is said to have a Gain. Gain = SP - CP (iv) T Discount = Marked Price – Selling Price

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

Answer»

(i) False

SP = ((100 – Loss %) / 100) × CP

(ii) True

(iii) False

If seller sells any item greater than Cost Price, it is said to have a Gain.

Gain = SP - CP

(iv) T

Discount = Marked Price – Selling Price