Profit and Loss

What is the formula of discount percent?

• $Discount\ percent\ =\ \frac{Discount}{CP}\times100\%$

• $Discount\ percent\ =\ \frac{Discount}{SP}\times100\%$

• $Discount\ percent\ =\ \frac{Discount}{MP}\times100\%$

• $Discount\ percent\ =\ \frac{MP}{Discount}\times100\%$

If the cost of an article with VAT is Rs 7,475 and without VAT is Rs 6,500, find the VAT amount.

• Rs. 795

• Rs. 975

• Rs.13975

• None of them

Calculate the amount of VAT on the selling price of Rs 1,500 at the rate of 13%.

• Rs. 175

• Rs. 95

• Rs. 13

• Rs.195

S.P. with VAT = S.P. + ____________________.

• MP

• Profit

• CP

• VAT % of S.P.

A shopkeeper purchased an electric fan for Rs 1,560 and sold it at 5% profit. Find the actual profit.

• Rs. 78

• Rs. 40

• Rs. 25

• Rs. 5

The washing machine is sold at Rs. 18000 with 10% discount. Find the value of MP.

• Rs. 30000

• Rs. 18800

• Rs.20000

• None of them