Profit Loss ICSE Class-7 RS Aggarwal ICSE Mathematics Goyal Brothers Prakashan Chapter-10 Solutions. We provide step by step Solutions of Exercise / lesson-10 Profit Loss for ICSE Class-7 RS Aggarwal Mathematics .
Our Solutions contain all type Questions with Exe-10 A, Exe-10 B(MCQ), Mental Maths to develop skill and confidence. Visit official Website CISCE for detail information about ICSE Board Class-7 Mathematics.
Board | ICSE |
Publications | Goyal brothers Prakshan |
Subject | Maths |
Class | 7th |
Chapter-10 | Profit Loss |
Writer | RS Aggrawal |
Book Name | Foundation |
Topics | Solution of Exe-10 A, Exe-10 B(MCQ), Mental Maths |
Academic Session | 2021-2022 |
Profit Loss ICSE Class-7 RS Aggarwal ICSE Mathematics Goyal Brothers Prakashan Chapter-10 Solutions
-: Select Topic :-
Every product has a cost price and selling price. Based on the values of these prices, we can calculate the profit gained or the loss of money for a particular product. The important terms covered here are cost price and fixed, variable and semi-variable cost, selling price, marked price, list price, margin etc
Profit(P)
The amount gained after selling a product more than its cost price.
Loss(L)
The amount, the seller gets after selling the product less than its cost price, is mentioned as a loss.
Cost Price (CP)
The amount paid for a product or commodity to purchase it is called a cost price. Also, denoted as CP. This cost price is further classified into two different categories:
- Fixed Cost: The fixed cost is constant, it doesn’t vary under any circumstances
- Variable Cost: It could vary depending as per the number of units
Selling Price (SP)
The amount for which the product is sold is called Selling Price. It is usually denoted as SP. Also sometimes called a sale price.
Marked Price Formula (MP)
This is basically labelled by Shopkeepers to offer a discount to the customers in such a way that,
Formula’s
Profit or Gain = Selling price – Cost Price
Loss = Cost Price – Selling Price
- Profit, P = SP – CP; if SP>CP
- Loss, L = CP – SP; if CP>SP
- P% = (P/CP) x 100
- L% = (L/CP) x 100
- SP = {(100 + P)/100} x CP
- SP = {(100 – L)/100} x CP
- CP = {100/(100 + P)} x SP
- CP = {100/(100 – L)} x SP
- Discount = MP – SP
- SP = MP -Discount
Exercise – 10 A, Profit Loss ICSE Class-7 RS Aggarwal ICSE Mathematics Goyal Brothers Prakashan
Page 129-130
Question 1
1- Amit bought a calculator for Rs 960 and sold it for 1104 find his gain and gain percent.
Question 17 and Question 18
Exercise – 10 B, MCQ Profit Loss ICSE Class-7 RS Aggarwal ICSE Mathematics Goyal Brothers Prakashan
Page 130
choose the correct option in each of the following
Question 1
(a)……………
(b)……………
(c)………….
(d)……………
There is gain of C.P. < S.P. (c)
Question 2 to Question 4
(a)……………
(b)……………
(c)………….
(d)……………
Question 5 and Question 6
(a)……………
(b)……………
(c)………….
(d)……………
Question 7
(a)……………
(b)……………
(c)………….
(d)……………
Question 8
(a)……………
(b)……………
(c)………….
(d)……………
Question 9
(a)……………
(b)……………
(c)………….
(d)……………
Question 10
(a)……………
(b)……………
(c)………….
(d)……………
Mental Maths, ICSE Class-7 Mathematics Goyal Brothers Prakashan
Page 131
Question 1
fill in the blanks………….
(i)……………
(ii)……………
(iii)………….
(iv)……………
(v)…………..
Answer
Question 2
write true (T) or False (F)
(i)……………
(ii)……………
(iii)………….
(iv)……………
(v)…………….
(vi)……………….
Answer
–: End of Profit Loss ICSE Class-7 RS Aggarwal Solutions :–
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