HomeLearn Fast select Course
Show Unit/ChapterChange UnitChange SubjectLast Menu
ICSE-VIII-Mathematics

08: Profit, Loss and Discount Class 8 Maths

with Solutions - page 2
Qstn# A-8 Prvs-QstnNext-Qstn
  • #8
    The selling price of a sofa-set is times of its cost price. Find the gain or the loss as percent.
    Ans : Let the cost price (C.P.) = 1
    S.P. = 1 × 4/5 = 4/5
    ∴ Loss = 1 - 4/5
    = (5 - 4)/5
    = 1/5 [∵ Loss = C.P. - S.P.]
    ∴ Loss% = Loss/C.P. = (1/5)/1 × 100
    = 1/5 × 100
    = 20%