šŸ“ Vernier Callipers — MSR, the coinciding division, and the reading

The vernier scale packs N divisions into (Nāˆ’1) mm, so each is a shade short of a millimetre. That shortfall is the least count. Slide the jaws and read the object.
The complete picture.
L.C. = 1 MSD / N · reading = MSR + (VC × L.C.)
MSR = 12 mm · VC = 4 · L.C. = 0.10 mm
reading = 12.40 mm   (equals the object size)