1 Marks Question

Question 11 Mark

Fill in the blanks. $VAT$ is charged on the _____ of the article.

Answer

$VAT$ is charged on the selling price of the article.

Question 21 Mark

Write $'T'$ for true and $'F'$ for false for the following: $\text{CP}=\frac{(100+\text{gain}\%)}{100}\times\text{SP}$

Answer

True.

Question 31 Mark

Fill in the blanks. $SP = ($Marked price$) - ($____$)$

Answer

$SP = ($Marked price$) - ($Discount$).$

Question 41 Mark

Write $'T'$ for true and $'F'$ for false for the following:
Gain is reckoned on the selling price.

Answer

False.

Question 51 Mark

Fill in the blanks.
Gain or loss is always reckoned on the _____.

Answer

Gain or loss is always reckoned on the cost price.

Question 61 Mark

Fill in the blanks.
The discount is reckoned on the ______ price.

Answer

The discount is reckoned on the marked price.

Question 71 Mark

Write $'T'$ for true and $'F'$ for false for the following: The discount is allowed on the marked price.

Answer

True.

Question 81 Mark

Write $'T'$ for true and $'F' $ for false for the following: $\text{SP}=\frac{(100+\text{loss}\%)}{100}\times\text{CP}$

Answer

False.

Maths 1 Marks Question