RD Sharma Solutions for Class 8 Chapter 13 explains the Concept of Profit, Loss, Discount and Value Added Tax. To meet the article expenditures, the government imposes different types of taxes. Value Added Tax (VAT) is one of these. The VAT is calculated on the selling price if a discount is given. If there is no discount, then VAT is calculated on the marked (list) price of the article. We shall discuss more problems based on profit and loss. At the end of the chapter, we shall also introduce the concept of discount in buying and selling the goods along with Value Added Tax (VAT).