About Lesson
1. Discount
- Discount = Marked Price – Sale Price
- Discount = (Discount % × Marked Price) / 100
- Sale Price = Marked Price – Discount
2. Cost Price (CP) with Overhead Expenses
- CP = Buying Price + Overhead Expenses
3. Sales Tax
- Sales Tax = (Tax % × Bill Amount) / 100
- Total Bill Amount = Bill Amount + Sales Tax
4. Goods and Services Tax (GST)
- GST = (GST % × Bill Amount) / 100
- Total Bill Amount = Bill Amount + GST
5. Compound Interest (CI)
(a) When Interest is Compounded Annually
- A = P(1 + r/100)ⁿ
- CI = A – P
- Where:
- A = Final Amount
- P = Principal Amount
- r = Rate of Interest (%) per annum
- n = Number of Years
b) When Interest is Compounded Half-Yearly
- A = P (1 + r/200)²ⁿ
- CI = A – P
- Since interest is compounded twice a year, we divide r by 2 and multiply n by 2.
(c) When Interest is Compounded Quarterly
- A = P (1 + r/400)⁴ⁿ
- CI = A – P
- Since interest is compounded four times a year, we divide r by 4 and multiply n by 4.
6. Depreciation Formula
- A = P (1 – r/100)ⁿ
- Where:
- A = Value after depreciation
- P = Initial Value (Original Price)
- r = Rate of Depreciation (%)
- n = Number of Years