Example 4 (Page 17) - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II)

Transcript

Example 4 (Page 17) Find out the percentage profit Kishanlal made on this sweater. Find the profit percentage of the wholesaler and the manufacturer . The situation is mentioned here For Kishanlal We look at Retail Store → Customer Here, Cost Price = ₹ 300 Selling Price = ₹ 430 Since Selling Price > Cost Price, it is Profit Thus, Profit = Selling Price – Cost Price = ₹ 430 – ₹ 300 = ₹ 130 Now, Profit Percentage = 𝑃𝑟𝑜𝑓𝑖𝑡/(𝐶𝑜𝑠𝑡 𝑃𝑟𝑖𝑐𝑒) × 100 = 𝟏𝟑𝟎/𝟑𝟎𝟎 × 100 = 130/3 = 43.33…% For Manufacturer We look at Manufacturer → Wholesaler Here, Cost Price = ₹ 230 Selling Price = ₹ 253 Since Selling Price > Cost Price, it is Profit Thus, Profit = Selling Price – Cost Price = ₹ 253 – ₹ 230 = ₹ 23 Now, Profit Percentage = 𝑃𝑟𝑜𝑓𝑖𝑡/(𝐶𝑜𝑠𝑡 𝑃𝑟𝑖𝑐𝑒) × 100 = 𝟐𝟑/𝟐𝟑𝟎 × 100 = 1/10 × 100 = 10% For Wholesaler We look at Wholesaler → Retail Store Here, Cost Price = ₹ 253 Selling Price = ₹ 300 Since Selling Price > Cost Price, it is Profit Thus, Profit = Selling Price – Cost Price = ₹ 300 – ₹ 253 = ₹ 47 Now, Profit Percentage = 𝑃𝑟𝑜𝑓𝑖𝑡/(𝐶𝑜𝑠𝑡 𝑃𝑟𝑖𝑐𝑒) × 100 = 𝟒𝟕/𝟐𝟓𝟑 × 100 = 4700/253 = 18.57…%