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Example 5 - Chapter 8 Class 8 Comparing Quantities
Last updated at Nov. 12, 2018 by Teachoo
Finding cost price, selling price, profit % , loss%
Chapter 8 Class 8 Comparing Quantities
Concept wise
- Ratios & Percentages
- Finding Increase or Decrease Percent
- Finding Discounts
-
Finding cost price, selling price, profit % , loss%
- Sales Tax and Value Added Tax
- Simple Interest
- Compound Interest
- Compound Interest compounded half yearly
- Compound Interest for fraction years
- Applications of Compound Interest Formula
Transcript
Example 5 Sohan bought a second hand refrigerator for Rs 2,500, then spent Rs 500 on its repairs and sold it for Rs 3,300. Find his loss or gain per cent. Given, Cost Price = Rs 2500 Money spent on repairs = Rs 500 And, Selling Price (SP) = Rs 3300 Now, Total Cost Price (CP) = Cost Price + Overhead expenses = 2500 + 500 = 3000 Since, SP > CP Sohan made a gain Gain = SP − CP = 3300 − 3000 = 300 Also, Gain Percentage = 𝐺𝑎𝑖𝑛/𝐶𝑃 × 100 = 300/3000 × 100 = 30/3 = 10% Thus, Gain Percentage is 10%
