**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.