ICSE-VIII-Mathematics

08: Profit, Loss and Discount Class 8 Maths

with Solutions -
  • #2
    A fruit-seller buys oranges at 4 for Rs.3 and sells them at 3 for Rs.4 Find his profit percent.
    Ans : Let number of oranges bought = 12
    [Note: L.C.M. of 4 and 3 = 12]
    ∴ C.P. of oranges = Rs. ¾ × 12 = Rs. 9
    And S.P. of oranges = Rs. 4/3 × 12
    = Rs. 16
    ∴ Profit = 16 - 9
    = Rs. 7
    Profit % = Profit/C.P. × 100
    = 7/9 × 100
    = 700/9%
    = 77 7/9%