Solutions to Ex. 7.2
Q1.Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case.
Ans:
(a) Gardening shears bought for ₹250 and sold for ₹325.
Given: CP = ₹250
SP = ₹325
Profit = SP - CP = 325 - 250
Profit = ₹75
%Profit = \( \frac{Profit}{CP} \) x 100
= \( \frac{75}{250} \) x 100 = 30%
Profit is ₹75 & Percent profit is 30%.
(b) A refrigerator bought for ₹12,000 and sold at ₹13,500.
Given: CP = ₹12,000
SP = ₹13,500
Profit = SP - CP = 12,000 - 13,500
Profit = ₹1500
%Profit = \( \frac{Profit}{CP} \) x 100
= \( \frac{1500}{12000} \) x 100
= \( 12\frac{1}{2} \)% or 12.5%
Profit is ₹75 & Percent profit is 12.5%.
(c) A cupboard bought for ₹2,500 and sold at ₹3,000.
Given: CP = ₹2500
SP = ₹3000
Profit = SP - CP = 3000 - 2500
Profit = ₹500
%Profit = \( \frac{Profit}{CP} \) x 100
= \( \frac{500}{2500} \) x 100 = 20%
Profit is ₹500 & Percent profit is 20%.
(d) A skirt bought for ₹250 and sold at ₹150.
Given: CP = ₹250
SP = ₹150
As, CP > SP, it is a loss.
Loss = CP - SP = 250 = 150
Loss = ₹100
%Loss = \( \frac{Loss}{CP} \) x 100
= \( \frac{100}{250} \) x 100 = 40%
Loss is ₹100 & Percent loss is 40%.
Q2. Convert each part of the ratio to percentage:
Ans:
(a) 3 : 1
Sum of the ratio = 3 +1 = 4
Percentage of first part is
= \( \frac{3}{4} \) x 100 = 75%
Percentage of second part is
= \( \frac{1}{4} \) x 100 = 25%
(b) 2 : 3 : 5
Sum of the ratio = 2 + 3 + 5 = 10
Percentage of first part is
= \( \frac{2}{10} \) x 100 = 20%
Percentage of second part is
= \( \frac{3}{10} \) x 100 = 30%
Percentage of third part is
= \( \frac{5}{10} \) x 100 = 50%
(c) 1:4
Sum of the ratio = 1 + 4 = 5
Percentage of first part is
= \( \frac{1}{5} \) x 100 = 20%
Percentage of second part is
= \( \frac{4}{5} \) x 100 = 80%
(d) 1 : 2 : 5
Sum of the ratio = 1 + 2 +5 = 8
Percentage of first part is
= \( \frac{1}{8} \) x 100 = 12.5%
Percentage of second part is
= \( \frac{2}{8} \) x 100 = 25%
Percentage of third part is
= \( \frac{5}{8} \) x 100 = 62.5%
Q3. The population of a city decreased from 25,000 to 24,500. Find the percentage decrease.
Ans:
Given: Initial population = 25,000
New population = 24,500
Decrease in population = 25000 - 24000 = 500
Percentage decrease = \( \frac{500}{25000} \) x 100 = 2%
Q4. Arun bought a car for ₹3,50,000. The next year, the price went upto ₹3,70,000. What was the Percentage of price increase?
Ans:
Given: Initial price = ₹3,50,000
New price = ₹3,70,000
Increase in price = 3,70,000 - 3,50,000
= 20,000
Percentage increase = \( \frac{20,000}{3,50,000} \) x 100
= \( 5\frac{5}{7} \)%
Q5. I buy a T.V. for ₹10,000 and sell it at a profit of 20%. How much money do I get for it?
Ans:
Given: CP = ₹10,000
Profit = 20%
Profit = 20% of ₹10,000
= \( \frac{20}{100} \) x 10,000 = ₹2000
Money got = CP + Profit = ₹10,000 + ₹2000
= ₹12000
Q6. Juhi sells a washing machine for ₹13,500. She loses 20% in the bargain. What was the price at which she bought it?
Ans:
Given: SP = ₹13,500
Loss = 20%
If CP is ₹100,
20% loss = \( \frac{20}{100} \) x 100 = ₹20
SP = 100 - 20 = ₹80
Thus, when SP is ₹80, CP is ₹100
So, when SP is ₹13,500,
CP = \( \frac{13,500}{80} \) x 100 = ₹16875
Juhi bought the washing machine for ₹16875.
Q7. (i) Chalk contains calcium, carbon and oxygen in the ratio 10:3:12. Find the percentage of carbon in chalk.
(ii) If in a stick of chalk, carbon is 3g, what is the weight of the chalk stick?
Ans:
(i) Given: Ratio = 10:3:12
Sum of the ratio = 10 + 3 +12 = 25
Percentage of carbon = \( \frac{3}{25} \) x 100 = 12%
(ii) Given: Carbon = 3g
12% of chalk weight = 3
\( \frac{12}{100} \) x Chalk weight = 3
Chalk weight = 3 x \( \frac{100}{12} \) = 25g
Q8. Amina buys a book for ₹275 and sells it at a loss of 15%. How much does she sell it for?
Ans:
Given: CP = ₹275
Loss = 15%
If CP is ₹100,
20% loss = \( \frac{15}{100} \) x 100 = ₹15
SP = 100 - 15 = ₹85
Thus, when CP is ₹100, SP is ₹85
So, when CP is ₹275,
SP = \( \frac{275 \times 85 }{100} \)= ₹233.75
Amina sold the book for ₹233.75.
Q9. Find the amount to be paid at the end of 3 years in each case:
Ans:
(a) Given: Principal (P) = ₹1,200
Rate of Interest (R) = 12% p.a.
Simple Interest = \( \frac{P \times R \times T }{100} \)
= \( \frac{1200 \times 12 \times 3 }{100} \) = ₹432
Amount to be paid = 1,200 + 432 = ₹1,632
(b) Given: Principal (P) = ₹7,500
Rate of Interest (R) = 5% p.a.
Simple Interest = \( \frac{P \times R \times T }{100} \)
= \( \frac{7500 \times 5 \times 3 }{100} \) = ₹1,125
Amount to be paid = 7500 + 1125 = ₹8,625
Q10. What rate gives ₹280 as interest on a sum of ₹56,000 in 2 years?
Ans:
Given: Principal (P) = ₹56,000
Simple Interest (SI) = ₹280
Time period (T) = 2 years
SI = \( \frac{P \times R \times T }{100} \)
280 = \( \frac{56000 \times R \times 2 }{100} \)
R = \( \frac{280 \times 100 }{56000 \times 2 } \) = 0.25%
Rate of Interest is 0.25%.
Q11. If Meena gives an interest of ₹45 for one year at 9% rate p.a. What is the sum she has borrowed?
Ans:
Given: Simple Interest (SI) = ₹45
Rate of Interest (R) = 9%
Time period (T) = 1 year
SI = \( \frac{P \times R \times T }{100} \)
45 = \( \frac{P \times 9 \times 1 }{100} \)
P = \( \frac{45 \times 100 }{9} \) = ₹500
The sum borrowed by Meena is ₹500.