Question 3 - Finding cost price, selling price, profit % , loss% - Chapter 7 Class 8 Comparing Quantities

Last updated at April 16, 2024 by

Ex 8.2, 3 - A shopkeeper buys 80 articles for Rs 2,400 and sells them

Ex 8.2, 3 - Chapter 8 Class 8 Comparing Quantities - Part 2

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Question 3 A shopkeeper buys 80 articles for Rs 2,400 and sells them for a profit of 16%. Find the selling price of one article Given, Cost Price of 80 articles = 2400 ∴ Cost Price of 1 article = 2400/80 = 30 So, CP = Rs 30 Also, given that Profit Percentage = 16% And, Profit Percentage = (π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘ )/𝐢𝑃×100 16 = π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/30 Γ—100 (16 Γ— 30)/100 = Profit 48/10 = Profit 4.8 = Profit ∴ Profit = 4.8 Now, Profit = SP βˆ’ CP 4.8 = SP βˆ’ 30 4.8 + 30 = SP 34.8 = SP ∴ SP = 34.8 Selling Price of one article = Rs 34.8

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo