GSEB Solutions for Class 7 Mathematics – Profit and Loss (English Medium)
GSEB SolutionsMathsScience
Exercise
Solution 1:
Solution 2:
Solution 3:
Solution 4:
Solution 5:
Practice – 1
Solution 1:
Solution 2:
Solution 3:
Solution 4:
Solution 5:
Solution 6:
Practice – 2
Solution 1:
Solution 2:
Solution 3:
Solution 4:
Solution 5:
Practice – 3
Solution 1:
The MRP (Rs.) and the Rebate (%) are given in the banner of Sale.
Amount of rebate = Rate of Rebate × Price
Thus, we have
Solution 2:
Solution 3:
It is a self-study project wherein you need to search advertisements related to rebate in the newspaper.
Practice – 4
Solution 1:
Printed price of the T-shirt = Rs. 450 per piece
S.P. of the T-shirt = Rs. 360 per piece
Rate of rebate on purchase = 10% on the printed price
Amount of rebate on purchase
= Rate of rebate × Printed price
= 10% × Rs. 450
Net price (N.P.) of each T-shirt = Printed price – Rebate
= Rs. 450 – Rs. 45
= Rs. 405
The trader sells each T-shirt at Rs. 360.
Now, S.P. < N.P.
Hence, the trader suffers a loss.
Loss = N.P. – S.P.
= Rs. (405 – 360)
= Rs. 45
Hence, the trader incurs a loss of Rs. 45 per T-shirt.
Amount of rebate = Printed price – Price paid
= Rs. (450 – 360)
= Rs. 90
Solution 2:
Printed price of the TV = Rs. 18,000
S.P. of the TV = Rs. 2700
Rate of rebate on purchase = 20% on printed price
Amount of rebate on purchase
= Rate of rebate × Printed price
= 20% × Rs. 18,000
Net price (N.P.) of each TV = Printed price – Rebate
= Rs. 18,000 – Rs. 3,600
=Rs. 14,400
Selling price of each TV = Printed price – Rebate
= Rs. 18,000 – Rs. 2700
= Rs. 15,300
Now, S.P. > N.P.
Hence, the trader makes profit.
Profit = S.P. – N.P.
= Rs. 15,300 – Rs. 14,400
= Rs. 900
Hence, the trader makes a profit of Rs. 900 per T.V.
