Ex 8.3, 5 - I buy a T.V. for Rs 10,000 and sell it at a profit of 20%

Ex 8.3, 5 - Chapter 8 Class 7 Comparing Quantities - Part 2

  1. Chapter 8 Class 7 Comparing Quantities
  2. Serial order wise

Transcript

Ex 8.3, 5 I buy a T.V. for Rs 10,000 and sell it at a profit of 20%. How much money do I get for it? C.P = Rs 10,000 S.P = ? Profit percentage = 20% π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/(𝐢.𝑃) Γ— 100% = 20% π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/10000 = (20%)/(100%) Profit = 20/100 Γ— 10000 Profit = 2/10 Γ— 10000 Profit = 2 Γ— 1000 Profit =Rs 2000 Now, Profit = SP βˆ’ CP Profit + CP = SP S.P = C.P + Profit = Rs (10,000 + 2,000) = Rs 12,000 So, I get Rs 12,000 from selling it

About the Author

Davneet Singh's photo - Teacher, Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 10 years. He provides courses for Maths and Science at Teachoo.