Discount is a reduction given on marked price i.e. Discount= Marked Price-Sales Price
- Overhead expenses
The additional expenses made after buying an article are called overhead expenses. These additional expenses are added in the cost price of the article i.e.
CP= Buying price + Overhead expenses
- Sales tax
Sales tax is charged on the sale of an item by the government.
Sales tax= tax% of Bill Amount
- Compound interest
Compound interest is calculated on previous year’s amount.