Math Problem Statement

Few more questions on topic we did yesterday:

1)If the profit made on a packet of tea is Rs 4 and the cost price is 20,then how much is the profit percentage?

2)A box of Alphanso mangoes was purchased by a fruit seller for Rs.300 .However ,he had to sell them for Rs.255 because they began to get over ripe.What was the loss percentage ?

3)Karim bought 150 dozens pencils at Rs.10 a dozen .His overhead expenses were Rs.100 .He sold them at Rs. 1.20 each .What was his profit or loss percent ?

4)A grocer buys eggs at 10 for Rs.8 and sells at 8 for Rs 10 .Find the gain or loss percent

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage Calculations
Cost Price and Selling Price

Formulas

Profit Percentage = (Profit / Cost Price) * 100
Loss Percentage = (Cost Price - Selling Price) / Cost Price * 100
Profit = Selling Price - Cost Price
Gain Percentage = (Gain / Cost Price) * 100

Theorems

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Suitable Grade Level

Grades 6-8