BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In computing multiple discounts using discount method, there is no need to know all the intermediate prices.
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True
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False
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Explanation:
Detailed explanation-1: -Solution: The statement is False. Discount is always marked on Marked Price but Marked Price minus discount gives the selling price NOT cost price. ✦ Try This: A discount of 15% is given on the marked price of Rs.
Detailed explanation-2: -Discount is always calculated on the marked price. VAT is not a part of selling price. Although it is calculated on the SP but it is excluded from the SP while calculating profit or loss.
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