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| Formulae |
Tax and Money Exchange
Tax and Money Exchange
Important Formulae
1
3. Profit = profit% of C.P
5. Loss = loss% of C.P
7. VAT Amount = VAT% of S. P 8. VAT% =
9. S.P with VAT = 10. S.P with VAT = S.P + VAT% of S.P
11. S.P without VAT = 12. C.P without VAT = =
13. S.P = (100 + profit) %× C.P
15. M.P = S.P + Discount Amount 16. M.P = S.P + Discount% of M. P
17. Discount Amount = Discount% of M. P 18. S.P = M.P - Discount% of M. P
19. S.P = (100 – Discount) %× M. P 20. Discount% =
1 Marks Questions for SEE Examination
Q. 1. Write the correct formula for finding the discount amount (D) when Marked Price (M.P) and discount percent (D%) are given. [Ans: D = D% of M.P
Q. 2. If M.P is Rs. x, selling price is Rs. y and discount amount is Rs. z, then write the formula for calculating the selling price. [Ans: Rs. y = Rs. x – Rs. z]
Q. 3. If the M.P of an article is Rs. x and VAT amount is Rs. z, then what is the price of an article with y% VAT? [Ans: S.P with y% VAT = (Rs. x – Rs. z) + y% of (Rs. x – Rs. z)
Q. 4. Write the formula for finding the rate of discount when discounted amount and marked price are given. [Ans: Rate of discount = × 100%]
Q. 5. An article which was marked Rs. 700 was sold allowing 10% discount. What is the discount amount? Find it. [Ans: Rs. 70]
Q. 6. If the M.P of article is Rs.x and selling price is 20% less than M.P, then what is the selling price of an article? Find it. [Ans: Rs.
Q. 7. If Rs. x be the selling price of a good and R% be the rate of VAT, then find the selling price with R% of a good VAT. [Ans: S.P with R% VAT = Rs.x + R% of Rs. x]
Q. 8. If the cost price of a mobile be Rs.x and selling price be double of cost price. Find the profit or loss percent. [Ans:100% profit]
Q. 9. Write down the formula for finding the VAT%. [Ans: VAT% = ]
Q. 10. If M.P of an article is twice of S.P (y), then find the discount amount. [Ans: Rs. y]
Q. 11. If marked price (M.P), cost price (C.P), discount (D%)and loss (L%), write the formula for finding the marked price. [Ans: M.P =
Q. 12. Find the formula for finding VAT amount, when S.P and VAT% are given.
[Ans: VAT amount = VAT% of S.P]
Q. 13. The selling price of a radio is Rs. 5000 without including 13% VAT, then find the price of radio after giving 13% VAT. [Ans: Rs. 5,650]
Q. 14. Price of a T.V is Rs. 24,000. If the price is discounted by Rs. 1,200, what is the discounted percentage? Find it. [Ans: 5%]
Q. 15. The selling price of an article is Rs. 6,000 and 13% VAT was levied on it, find the VAT amount. [Ans: Rs. 780]
Q. 16. A marked price of a cap is Rs. 1,200 after allowing 12% discount, then find the discount amount. [Ans: Rs. 144]
Q. 17. the marked price of a Math Book was fixed to Rs. 1,200 by increasing 20% on its actual price, then find the actual price. [Ans: Rs. 1,000]
Q. 18. What will be the selling price if marked price be Rs. m and VAT percent n%?
[Ans: Rs. (100 + n) %of m or ]
Q. 19. If the selling price of an article is Rs. x and VAT amount is Rs. y, what is the rate of VAT?
[Ans: VAT% = ]
Q. 20. What is the formula of profit percent if cost price is (C.P), selling price (S.P) and profit (P) are given?
[Ans: ]
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