1 Mark Question

Question 11 Mark

Write ‘T’ for true and ‘F’ for false. for the following:
Loss is reckoned on selling price.

Answer

False.
Solution:
Gain or loss is always reckoned on the cost price.

Question 21 Mark

Fill in the blank:
$\frac{100}{(100+\text{Loss%})}\times\text{SP}=.........$

Answer

$\frac{100}{(100+\text{Loss%})}\times\text{SP}=\text{CP}$

Question 31 Mark

Fill in the blank:
$\text{CP}=\frac{100\times\text{SP}}{( ......+\text{Gain%})}$

Answer

$\text{CP}=\frac{100\times\text{SP}}{(100+\text{Gain%})}$

Question 41 Mark

Write ‘T’ for true and ‘F’ for false. for the following:
Loss = (CP) - (SP).

Answer

True.

Question 51 Mark

Write ‘T’ for true and ‘F’ for false. for the following:
Gain is reckoned on cost price.

Answer

True.

Question 61 Mark

Fill in the blank:
Loss = (CP) - (_____).

Answer

Loss = (CP) - (SP).

Question 71 Mark

Write ‘T’ for true and ‘F’ for false. for the following:
$\text{CP}=\frac{100\times\text{SP}}{(100-\text{Loss%})}$

Answer

True.

Question 81 Mark

Fill in the blank:
Profit or loss is always reckoned on ______.

Answer

Profit or loss is always reckoned on the cost price.

Maths 1 Mark Question