Question:
Write 'T' for true and 'F' for false for each of the following:
(ii) $\mathrm{CP}=\frac{100}{(100+\text { gain } \%)} \times \mathrm{SP}$.
(iii) Gain is reckoned on the selling price.
(iv) The discount is allowed on the marked price.
Solution:
(i) False (F)
$\mathrm{SP}=\left\{\frac{(100-\text { loss } \%)}{100} \times \mathrm{CP}\right\}$
(ii) True (T)
(iii) False (F)
Gain is reckoned on the cost price.
(iv) True (T)
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