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Ex 8.3, 1 - Tell what is the profit or loss in following transactions

Ex 8.3, 1 - Chapter 8 Class 7 Comparing Quantities - Part 2

 

 

 

 

 


Transcript

Ex 8.3, 1 Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case. (a) Gardening shears bought for Rs 250 and sold for Rs 325 C.P = Rs 250 S.P = Rs 325 Here, S.P > C.P So, Profit = S.P − C.P = 325 − 250 = Rs 75 Profit Percentage = 𝑃𝑟𝑜𝑓𝑖𝑡/(𝐶.𝑃) × 100% = 75/250 × 100% = 75/25 × 10% = 15/5 × 10% = 3 × 10% = 30%

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Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.