Write ‘T’ for true and 'F' for false for each of the following:

(i) SP=

(ii) CP =

(iii) Gain is reckoned on the selling price.

(iv) The discount is allowed on the marked price.

(i) False

SP = ((100 – Loss %) / 100) × CP

(ii) True

(iii) False

If seller sells any item greater than Cost Price, it is said to have a Gain.

Gain = SP - CP

(iv) T

Discount = Marked Price – Selling Price