English

The selling price of a sofa-set is 4/5 times of its cost price. Find the gain or the loss as a percent. - Mathematics

Advertisements
Advertisements

Question

The selling price of a sofa-set is `4/5` times of its cost price. Find the gain or the loss as a percent.

Sum
Advertisements

Solution

Let the cost price (C.P.) =1

S.P. =`1xx4/5=4/5`

∴ Loss =`1-4/5=(5-4)/5=1/5` ....[∵ loss = C.P. − S.P.]

 Loss%`="Loss"/"C.P."=(1/5)/1xx100=1/5xx100=20%`

shaalaa.com
  Is there an error in this question or solution?
Chapter 8: Profit, Loss and Discount - Exercise 8 (A) [Page 90]

APPEARS IN

Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (A) | Q 8 | Page 90

RELATED QUESTIONS

Find the M.P. if  S.P. = Rs 495 and Discount = 1% .


By selling a sofa-set for Rs.2,500; the shopkeeper loses 20%. Find his loss percent or profit percent; if he sells the same sofa-set for Rs.3150.


Mohan bought a certain number of note-books for Rs.600. He sold `1/4` of them at 5 percent loss. At what price should he sell the remaining note-books so as to gain 10% on the whole?


A shopkeeper buys on article whose list price is Rs. 450 at some rate of discount from a wholesaler. He sells the article to a consumer at the list price and charges sales tax at the rate of 6%. If the shopkeeper has to pay a VAT of Rs. 2.70, find the rate of discount at which he bought the article from the wholesaler.


Find the S.P. in the following:
M.P. =Rs. 850, Discount = 16%


A shopkeeper marks the price of an article at Rs. 1200. Find the selling price, if he allows:
three successive discounts of 10%, 8% and 5%.


A dealer marks his goods 25% above the cost price and then allows 10% discount on it. What is the cost price of an article on which he gains Rs. 575?


Gurmeet sells an article priced at Rs. 25,000. He gives a discount of 8% on the first Rs. 20,000 and 5% on the remaining amount. Manjeet also sells another article of the same kind priced at Rs. 25,000. He gives a discount of 6% on the total price. Calculate the actual price charged by Gurmeet and Manjeet for the articles.


If a % is the discount per cent on a marked price x, then discount is ______.


Discount = Discount % of ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×