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ML Aggarwal Solutions Class 8 Mathematics Solutions for Percentage Exercise 7.3 in Chapter 7 - PercentageQuestion 10 Percentage Exercise 7.3 A shopkeeper allows a 20% discount on his goods and still earns a profit of 20%. If an article is sold for ₹ 360, find: (i) the marked price (ii) the cost price Answer: (i) It is given that The dealer allows a discount of 20% S.P. = [1 – d/100] of M.P. Substituting the values 360 = [1 – 20/100] of M.P. By further calculation 360 = 80/100 of M.P. It can be written as M.P. = 360 × 100/80 M.P. = 360 × 10/8 So we get M.P. = 45 × 10 M.P. = ₹ 450 (ii) Consider ₹ x as the C.P. of the article Profit = 20% S.P. = ₹ 360 We know that S.P. = [1 + P/100] of C.P. Substituting the values 360 = [1 + 20/100] of x By further calculation 360 = [1 + 1/5] of x So we get 360 = 6x/5 By cross multiplication x = 360 × 5/6 x = 60 × 5 x = ₹ 300 Therefore, the C.P. of the article is ₹ 300.
Video transcript hello everybody welcome to leader learning channel my name is rachana chaudhary and we have to solve this question which is a shopkeeper allows 20 discount on his goods and still earns a profit of 20 percent if an article is sold for rupees 360 we have to find a marked price so selling price is given in the question we have to find the marked price if discount percent is 20 and profit is also 20 percent so let's start with the first case so we can let that marked price is x now we know that selling price is always equal to marked price minus discount in rupees so let's calculate discount first of all so discount is 20 of x that means 20 upon 100 multiplied by x after this simplification it would be x upon 5 so this is the discount in rupees now let's use this in the formula here so selling price is given 360. let's put that value also marked price we have let as x and discount is x upon 5 after further calculation we would have 360 is equal to 5x minus x upon 5 by further solving it so 306 is equal to 4x upon 5 then so i'm writing it over here the next line so 360 can be multiplied by 5 and divided by 4 for further calculation that would be the value of x this can be divisible by 9 times and there is a 0 multiplied by 5 is equal to x now we know after this multiplication it is 450 rupees so the value of x is 450 that mean this is the marked price now we also have to calculate cost price so if we see uh in second case we can let x as cos price or we can take any other variable 2. so let z as cost price now we know that selling price is equal to cost price plus profit now we know that profit here we should use in rupees so we will calculate that so let's put the values 360. cost price is x and profit so profit on in rupees can be calculated as 20 percent of x because x is the cost price so 360 is equal to x plus 20 upon 100 x this can be solved further so plus x upon 5 after further calculation we have 5 x plus x upon 5 360 is equal to 6 x upon 5 by transposing 360 multiplied by 5 upon 6 is equal to x after further calculation we have x is equal to 300 rupees so this is the final answer for cost price i hope you understand both the ways see you in my next video don't forget to like share and subscribe the channel thank you for watching Was This helpful?
Chapter 7: PROFIT AND LOSSIntroductionCost Price = cost of item Selling price = price at which item is sold. Gain = Selling price - Cost price (SP > CP) Loss = Cost price - Selling price (CP > SP)
So when an article of Rs 100 is sold at 35% gain that means SP is Rs.135 So when an article of CP = 100 is sold for loss of 35% its SP is Rs. 65. When a item is sold for x% gain and other for x% loss, the seller incurs a loss of
Q. Let us suppose that a paan shop has to pay a rent of ` 1000 per month and salaries of ` 4000 to the assistants. Also suppose that this paan shop sells only one variety of paan for ` 5 each
IF THE TRADER PROFESSES TO SELL HIS GOODS AT COST PRICE BUT USES FALSE WEIGHTS,THEN
Q. A dishonest dealer professes to sell his goods at cost price but uses a weight of 960 gms for a kg weight . Find his gain percent.
Q. A shopkeeper sold goods for ` 2000 at a profit of 50%. Find the cost price for the shopkeeper. 1500 1200 1333 1600
Ans . 1333
Q. A man buys a shirt and a trousers for ` 371. If the trouser costs 12% more than the shirt, find the cost of the shirt. 125 150 175 200 Ans . 175
Q. A shopkeeper sells two items at the same price. If he sells one of them at a profit of 10% and the other at a loss of 10%, find the percentage profit/loss 2 1 0 3 Ans . 1
Q. If by selling 2 items for ` 180 each the shopkeeper gains 20% on one and loses 20% on the other, find the value of the loss 10 8 15 12 Ans . 15
Q. By selling 15 mangoes, a fruit vendor recovers the cost price of 20 mangoes. Find the profit percentage. 33.33 36.33 37.33 45.33 Ans . 33.33
Q. A dishonest shopkeeper uses a 900 gram weight instead of 1 kilogram weight. Find his profit percent if he sells per kilogram at the same price as he buys a kilogram 12.11 22.11 11.11 33.11 Ans . 11.11
Q. A manufacturer makes a profit of 15% by selling a colour TV for ` 6900. If the cost of manufacturing increases by 30% and the price paid by the retailer is increased by 20%, find the profit percent made by the manufacturer 9.15 7.15 6.15 8.15 Ans . 6.15
Q. Find a single discount to equal three consecutive discounts of 10%, 12% and 5% 34.76 44.76 14.76 24.76 Ans . 24.76
Q. A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol. 7 6 4 5 Ans . 4
Q. Ashok bought an article and spent ` 110 on its repairs. He then sold it to Bhushan at a profit of 20%. Bhushan sold it to Charan at a loss of 10%. Charan finally sold it for ` 1188 at a profit of 10%. How much did Ashok pay for the article. 890 1000 780 840 Ans . 780
Q. A dishonest businessman professes to sell his articles at cost price but he uses false weights with which he cheats by 10% while buying and by 10% while selling. Find his percentage profit 11.22 33.33 22.22 10 Ans . 22.22
Q. By selling 5 articles for ` 15, a man makes a profit of 20%. Find his gain or loss percentage if he sells 8 articles for ` 18.4 6 5 10 8 Ans . 8
Q. Oranges are bought at 12 for a rupee and are sold at 10 for a rupee. Find the percentage profit or loss. 10 5 30 20 Ans . 10
Q. A shopkeeper allows a rebate of 25% to the buyer. He sells only smuggled goods and as a bribe, he pays 10% of the cost of the article. If his cost price is ` 2500, then find what should be the marked price if he desires to make a profit of 9.09% 3500 4000 3000 2750 Ans . 4000
Q. A man sells three articles, one at a loss of 10%, another at a profit of 20% and the third one at a loss of 25%. If the selling price of all the three is the same, find by how much percent is their average CP lower than or higher than their SP 8.25 7 10 9.2566 Ans . 9.2566
Q. A dishonest dealer professes to sell at cost price but uses a 900 gram weight instead of a 1 kilogram weight. Find the percent profit to the dealer 10 11.11 12.5 none Ans . 11.11
Q. By selling a watch for ` 495, a shopkeeper incurs a loss of 10%. Find the cost price of the watch for the shopkeeper. 545 550 555 565 Ans . 550
Q. By selling a cap for Rs 34.40, a man gains 7.5%. What will be the CP of the cap? 32.8 32 32.4 28.8 Ans . 32
Q. A cellular phone when sold for ` 4600 fetches a profit of 15%. Find the cost price of the cellular phone 4300 4150 4000 4500 Ans . 4000
Q. A machine costs ` 375. If it is sold at a loss of 20%, what will be its cost price as a percentage of its selling price? 80 120 110 125 Ans . 125
Q. A shopkeeper sold goods for ` 2400 and made a profit of 25% in the process. Find his profit percent if he had sold his goods for ` 2040. 6.25 7 6.2 6.5 Ans . 6.25
Q. A digital diary is sold for ` 935 at a profit of 10%. What would have been the actual profit or loss on it, if it had been sold for ` 810? 45 40 48 50 Ans . 40
Q. A music system when sold for ` 4500 gives a loss of 16.66% to the merchant who sells it. Calculate his loss or gain per cent, if he sells it for ` 5703.75 Loss of 5.625% Profit of 8.33% Loss of 7% Profit of 5.625% Ans . 5.625
Q. By selling bouquets for ` 63, a florist gains 5%. At what price should he sell the bouquets to gain 10% on the cost price? 66 69 72 72.5 Ans . 66
Q. A shopkeeper bought 240 chocolates at ` 9 per dozen. If he sold all of them at Re. 1 each, what was his profit per cent? 66(1/6)% 33(1/3) 24% 27% Ans . 33.33
Q. A feeding bottle is sold for ` 120. Sales tax accounts for one-fifth of this and profit one-third of the remainder. Find the cost price of the feeding bottle. 64 72 68 76 Ans . 64
Q. Find a single discount equivalent to the discount series of 20%, 10%, 5%. 30% 31.6% 68.4% 35% Ans . 31.6%
Q. A coal merchant makes a profit of 20% by selling coal at ` 25 per quintal. If he sells the coal at ` 22.50 per quintal, what is his profit per cent on the whole investment? 6 6.66 7.5 8 Ans . 8
Q. The cost price of a shirt and a pair of trousers is ` 371. If the shirt costs 12% more than the trousers, find the cost price of the trouser 125 150 175 200 Ans . 175
Q. A pet shop owner sells two puppies at the same price. On one he makes a profit of 20% and on the other he suffers a loss of 20%. Find his loss or gain per cent on the whole transaction. Gain of 4% No profit no loss Loss of 10% Loss of 4% Ans . Loss of 4%
Q. The marked price of a table is ` 1200, which is 20% above the cost price. It is sold at a discount of 10% on the marked price. Find the profit per cent 10 8 7.5 6 Ans . 8
Q. 125 toffees cost ` 75. Find the cost of one million toffees if there is a discount of 40% on the selling price for this quantity. 3,00,000 3,20,000 3,60,000 4,00,000 Ans . 360000
Q. A shopkeeper marks the price of an article at ` 80. Find the cost price if after allowing a discount of 10% he still gains 20% on the cost price 53.33 70 75 60 Ans . 60
Q. The printed price of a calculator is ` 180. A retailer pays ` 137.7 for it by getting successive discounts of 10% and another rate which is illegible. What is the second discount rate? 12% 12.5% 15% 20% Ans . 15%
Q. How much percent more than the cost price should a shopkeeper mark his goods, so that after allowing a discount of 12.5% he should have a gain of 5% on his outlay? 9.375 16.66 20% 25% Ans . 20%
Q. A dishonest dealer professes to sell at cost price but uses a 900 gram weight instead of a 1 kilogram weight. Find the percent profit to the dealer. 10% 11.11% 12.5% None of these Ans . 11.11
Q. A trader purchases apples at ` 60 per hundred. He spends 15% on the transportation. What should be the selling price per 100 to earn a profit of 20%? 72 81.8 82.8 83.8 Ans . 82.8
Q. a milkman sells his buffalo for ` 720 at some profit. Had he sold his buffalo at ` 510, the quantum of the loss incurred would have been double that of the profit earned. What is the cost price? 600 625 675 none Ans . none
Q. A shopkeeper buys an article for ` 400 and marks it for sale at a price that gives him 80% profit on his cost. He, however, gives a 15% discount on the marked price to his customer. Calculate the actual percentage profit made by the shopkeeper. 62 64 54 53 Ans . 53
Q. A watch dealer pays 10% custom duty on a watch that costs ` 250 abroad. For how much should he mark it, if he desires to make a profit of 20% after giving a discount of 25% to the buyer? 400 440 275 330 Ans . 440
Q. A man buys 50 kg of oil at ` 10 per kilogram and another 40 kg of oil at ` 12 kilogram and mixes them. He sells the mixture at the rate of ` 11 per kilogram. What will be his gain percent if he is able to sell the whole lot? 100/98 100 10/49 10 1/49 none Ans . 100/98
Q. If the cost price of 30 articles is equal to the selling price of 20 articles, find the profit percent 33.33 40 50 60 Ans . 50
Q. A shopkeeper sells sugar in such a way that the selling price of 950 gm is the same as the cost price of one kilogram. Find his gain percent. 100/17 150/17 5 (5/19) 1/19 Ans . 5 (5/19)
Q. A sold a table to B at a profit of 20%. B sold the same table to C for ` 75 thereby making a profit of 25%. Find the price at which A bought the table from X if it is known that X gained 25% in the transaction 30 40 50 60 Ans . 50
Q. A sold a table to B at a profit of 15%. Later on, B sold it back to A at a profit of 20%, thereby gaining ` 69. How much did A pay for the table originally? 300 320 345 350 Ans . 300
Q. A colour TV and a VCP were sold for ` 12,000 each. The TV was sold at a loss of 20% whereas the VCP was sold at a gain of 20%. Find gain or loss in the whole transaction 1200 loss 1000 loss 960 loss 1040 loss Ans . 1000
Q. The cost of manufacturing an article is made up of materials, labour and overheads in the ratio 4 : 3 : 2. If the cost of labour is ` 45, find the profit percent if the article is sold for ` 180 50 33.33 25 20 Ans . 33.33
Q. Two dealers X and Y selling the same model of refrigerator mark them under the same selling prices. X gives successive discounts of 25% and 5% and Y gives successive discounts of 16% and 12%. From whom is it more profitable to purchase the refrigerator? From Y From X Indifferent between the two Cannot be determined Ans . From X
Questions and AnswersQ. A person incurs loss of 5% by selling a watch for Rs 1140. At what price should the watch be sold to earn a 5% profit ? A. CP is 100/95 * 1140 as a loss of 5% on CP is 1140 so CP is 100/95% of 1140 [SP] as per formula above. New selling price = (100 / 95) * ( 105 / 100) * 1140 = 1260 Q. By selling 33 metres of cloth , one gains the selling price of 11 metres . Find the gain percent . A. Selling price of 33m - CP of 33 m = SP of 11m [Gain]. SP of 22 m = CP of 33m i.e. SP of 2 m = CP of 3 m Assume CP of 1 m = Re. 1 so 3 m is Rs. 3. SP of 2 m = Rs. 3 and SP of 1 m = Rs. 1.5 so gain is 50%. Q. A man brought toffees at 3 for a rupee. How many for a rupee must he sell to gain 50%? A. Cost of a toffee is 3 toffees is re. 1. So he needs to sell them at Rs. 1.5 to make a gain of 50% so at 50 paise each or 2 for a rupee. Q. A grocer purchased 80 kg of sugar at Rs.13.50 per kg and mixed it with 120kg sugar at Rs.16per kg. At what rate should he sell the mixer to gain 16%? A. The cost of the mixture = (weight1 * price1) + (weight2*price2) / (weight1+weight2) = (80*13.5) + (120*16) / (120+80) =(1080+1920)/200 = 3000/200 = Rs. 15 / kg SP = 116/100 * 15 = 1.16*15=17.4 Rs Q. Pure ghee cost Rs.100 per kg. After adulterating it with vegetable oil costing Rs.50 per kg, A shopkeeper sells the mixture at the rate of Rs.96 per kg, thereby making a profit of 20%. In What ratio does he mix the two? A. SP of mixture = 96 ; CP of mixture = 80 as SP is 20% more than CP; Rule of alligation: (Quantity of oil : Quantity of ghee) = ( CP of ghee - Mean price) / (Mean price - CP of oil) = (100-80) / (80-50) =20/30 = 2:3 Q. Monika purchased a pressure cooker at 9/10th of its selling price and sold it at 8% more than its S.P .find her gain percent. A. Assume it was with a SP of Rs. 100 it was bought for Rs. 90 and sold for Rs. 108 thus making profit of Rs. 18 which is 20% more than Rs. 90. Q. A tradesman sold an article at a loss of 20%. if the selling price has been increased by Rs 100, there would have been a gain of 5%. what was the cost price of the article? A. SP(old) = 80% of CP SP(new) = 105% of CP; we know (105% of CP) - (80% of CP) = 100 i.e. 25% of CP = 100; Hence CP = Rs. 400 Q. A man sells an article at a profit of 25% if he had bought it 20% less and sold it for Rs 10.50 less, he would have gained 30% find the cost price of the article. A. SP1 = 1.25CP1 as it is sold for 25% profit. CP2 = (4/5)*CP1; SP2 = (130/100)*CP2 SP2 = SP1 - 10.5 = 1.25CP1 - 10.5 so we get 1.25CP1 - 10.5 = (130/100)*(4/5)*CP1 1.25CP1 - 1.04CP1 = 10.5 0.21CP1 = 10.5 CP1 = Rs.50 Q. A dealer sold three-fourth of his article at a gain of 20% and remaining at a cost price. Find the gain earned by him at the two transaction. A. assume he had 4 articles of CP = 100 so he sold three at 120 and 1 at 100. so he earned profit of Rs. 60. CP of total inventory is 400 so profit is 15%. Q. A man bought a horse and a bull for Rs 3000.he sold the horse at a gain of 20% and the bull at a loss of 10%,thereby gaining 2% on the whole. find the cost of the horse. A. 1.2x + 0.9(3000-x) = 3600 is the equation as 'x' is price of horse. 1.2x is SP of horse at 20% profit and 0.9(3000-x) is SP of bull at 10% loss. rs 3600 is the SP of total transaction at 2% profit over Rs. 3000. Q. find the single discount equivalent to a series discount of 20% ,10% and 5% A. assume CP=100 so apply 20% discount to get CP=80 and then 10% to get 72 and then 5% to get 72-3.6 = 68.4 so total is 31.6%. Q. A retailer marks all its goods at 50% above the cost price and thinking that he will still make 25% profit,offers a discount of 25% on the marked price.what is the actual profit on the sales? A. Assume price is 100 so SP is 150 and 25% discount on SP gives new SP as Rs 112.5. So profit is 12.5% Q. At what % above C.P must an article be marked so as to gain 33% after allowing a customer a discount of 5%? A. We have to find the value of SP [assume as 'x'] whose 95% is 33% above CP. Assume CP to be Rs 100 and SP(new) will be Rs. 133. 0.95x = 133 x = 133 * 100 / 95 = 133 * 20 / 19 = 140 Q. A merchant sold his goods for Rs.75 at a profit percent equal to C.P. The C.P was : A. SP = (100+Gain%) * CP /100 we get below equation by substituting these values 75 = ( 100 + x) * x / 100 QuizScore more than 80% marks and move ahead else stay back and read again! What percentage above the CP must an article be marked to gain 20% after giving a discount of 20 %?Therefore, MP is 40% above CP.
At what percentage above the CP must an article be marked to gain 20% after giving a discount of 10%?Hence as per the given condition, the artile must be marked at 40% above its CP.
What percentage is above the cerebral palsy?It must be marked 40% above the cost price.
What is the profit percentage if the purchase price of an items is 80% of its selling price?∴ Profit% is 25%.
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