Discount: When an article is sold at a price less than the marked price then it is said to be a selling price(SP) and the reduced price on the marked price is called the discount (D).[br][math]\therefore[/math] SP=MP-D [math]\Rightarrow[/math] D=MP-SP [br]If Discount percent (D%) is given then SP=MP[math]\times[/math](1-D/100)

[i][u][color=#0000ff]Value Added Tax(VAT[/color][/u])[/i] :[size=85][size=150][size=200][size=100]VAT is the sales tax. VAT is a tax which you pay when you buy either goods or services . [br]There are certain goods and services for which VAT is exempted . For examples :[br] VAT is exempted on goods and services of basic needs , basic agricultural products, educational , health, cultural goods and services, purchase and renting of lands and building etc.[br][color=#0000ff][b]VAT is levied on the actual selling price .[/b][br][/color][i][b][u]If VAT exposed articles are exported then the VAT is got back at airport .[br][/u][/b][/i][b][color=#ff0000]The present rate of VAT in Nepal is 13 % .[br][/color][i]VAT amount=Rate of VAT (in %)[/i][/b][math]\times[/math][b][i]Sp[br]SP with VAT=SP+VAT amount=SP+VAT % of SP[br]SP without VAT=(SP with VAT)/ (100+VAT %)[br]SP with VAT is in last Applet .[br][/i][/b][/size][/size][/size][/size][br]