ICSE Class 8 Maths Selina Solutions Chapter 8 Profit, Loss and Discount

Question 9.

The cost price of an article is 4/5 times its selling price. Find the loss or the gain as a percent.

Question 10.

A shopkeeper sells his goods at 80% of their cost price. Find the percent gain or loss.

Question 11.

The cost price of an article is 90% of its selling price. What is the profit or the loss as a percentage?

Solution:

Question 12.

The cost price of an article is 30 percent less than its selling price. Find the profit or loss as a percent.

Solution:

Question 13.

A shopkeeper bought 300 eggs at 80 paise each. 30 eggs were broken in the transaction and then he sold the remaining eggs at one rupee each. Find his gain or loss as a percent.

Solution:

Question 14.

A man sold his bicycle for Rs. 405 losing one-tenth of its cost price, find:

Solution:

Question 15.

A man sold a radio set for Rs.250 and gained one-ninth of its cost price. Find;

Solution:

Benefits of ICSE Class 8 Maths Selina Solutions Chapter 8

Structured Learning : The solutions provided in Selina's textbook are structured and organized, making it easier for students to follow step-by-step solutions to problems related to profit and loss.

Clarity in Concepts : Each solution is designed to clarify the underlying concepts of profit, loss, cost price, selling price, and related formulas. This helps students grasp the fundamentals effectively.

Variety of Problems : The chapter includes a variety of problems ranging from simple to complex, which helps in developing a deeper understanding of the topic and prepares students for different types of questions.

Application of Formulas : Students learn to apply specific formulas and methods to solve problems related to profit and loss, thereby enhancing their problem-solving skills.

Real-life Applications : Understanding profit and loss is essential in real-life scenarios such as business transactions, buying and selling goods, etc. The chapter helps students relate mathematical concepts to practical situations.

Preparation for Exams : Since ICSE exams are based on Selina textbooks, practicing these solutions helps students prepare thoroughly for their exams. They become familiar with the types of questions that could be asked and how to approach them.

Self-assessment : The solutions allow students to self-assess their understanding and progress. By comparing their answers with the provided solutions, students can identify areas where they need more practice or clarification.