Ex 7.2 Question 1.
Tell what is the profit or loss in the following transactions. Also find profit percent or loss percent in each case.
(a) Gardening shears bought for Rs. 250 and sold for Rs. 325 .
(b) A refrigerator bought for Rs. 12,000 and sold for Rs. 13,500.
(c) A cupboard bought for Rs. 2,500 and sold for Rs. 3,000.
(d) A skirt bought for Rs. 250 and sold for Rs. 150.
Answer:
(a) Cost price of gardening shears = Rs. 250
Selling price of gardening shears $=$ Rs. 325
Since, S.P. > C.P., therefore here is profit.
$\therefore$ Profit $=$ S.P. - C.P. $=325-250=$ Rs. 75
Now Profit $\%=\frac{\text { Profit }}{\text { C.P. }} \times 100=\frac{75}{250} \times 100=30 \%$
Therefore, Profit $=$ Rs. 75 and Profit $\%=30 \%$
(b) Cost price of refrigerator $=$ Rs. 12,000
Selling price of refrigerator $=$ Rs. 13,500
Since, S.P. > C.P., therefore here is profit.
$\therefore$ Profit $=$ S.P. - C.P. $=13500-12000=$ Rs. 1,500
Now Profit $\%=\frac{\text { Profit }}{\text { C.P. }} \times 100=\frac{1500}{12000} \times 100=12.5 \%$
Therefore, Profit = Rs. 1,500 and Profit $\%=12.5 \%$
(c) Cost price of cupboard = Rs. 2,500
Selling price of cupboard $=$ Rs. 3,000
Since, S.P. > C.P., therefore here is profit.
$\therefore$ Profit $=$ S.P. - C.P. $=3,000-2,500=$ Rs. 500
Now Profit $\%=\frac{\text { Profit }}{\text { C.P. }} \times 100=\frac{500}{2500} \times 100=20 \%$
Therefore, Profit = Rs. 500 and Profit $\%=20 \%$
(d) Cost price of skirt = Rs. 250
Selling price of skirt $=$ Rs. 150
Since, C.P. > S.P., therefore here is loss.
$\therefore$ Loss $=$ C.P. - S.P. $=250-150=$ Rs. 100
Now Loss $\%=\frac{\text { Loss }}{\text { C.P. }} \times 100=\frac{100}{250} \times 100=40 \%$
Therefore, Profit = Rs. 100 and Profit $\%=40 \%$
Ex 7.2 Question 2.
Convert each part of the ratio to percentage:
(a) $3: 1$
(b) $2: 3: 5$
(c) $1: 4$
(d) $1: 2: 5$
Answer:
(a) $3: 1$
Total part $=3+1=4$
Therefore, Fractional part $=\frac{3}{4}: \frac{1}{4}$
$\Rightarrow$ Percentage of parts $=\frac{3}{4} \times 100: \frac{1}{4} \times 100$
$\Rightarrow$ Percentage of parts $=75 \%: 25 \%$
(b) $2: 3: 5$
Total part $=2+3+5=10$
Therefore, Fractional part $=\frac{2}{10}: \frac{3}{10}: \frac{5}{10}$
$\Rightarrow$ Percentage of parts $=\frac{2}{10} \times 100: \frac{3}{10} \times 100: \frac{5}{10} \times 100$
$\Rightarrow$ Percentage of parts $=20 \%: 30 \%: 50 \%$
(c) $1: 4$
Total part $=1+4=5$
Therefore, Fractional part $=\frac{1}{5}: \frac{4}{5}$
$\Rightarrow$ Percentage of parts $=\frac{1}{5} \times 100: \frac{4}{5} \times 100$
$\Rightarrow$ Percentage of parts $=20 \%: 80 \%$
(d) $1: 2: 5$
Total part $=1+2+5=8$
Therefore, Fractional part $=\frac{1}{8}: \frac{2}{8}: \frac{5}{8}$
$\Rightarrow$ Percentage of parts $=\frac{1}{8} \times 100: \frac{2}{8} \times 100: \frac{5}{8} \times 100$
$\Rightarrow$ Percentage of parts $=12.5 \%: 25 \%: 62.5 \%$
Ex 7.2 Question 3.
The population of a city decreased from 25,000 to 24,500 . Find the percentage decrease.
Answer:
The population of a city decreased from 25,000 to 24,500 .
Population decreased $=25,000-24,500=500$
$
\text { Decreased Percentage }=\frac{\text { Population decreased }}{\text { Original population }} \times 100=\frac{500}{25000} \times 100=2 \%
$
Hence, the percentage decreased is $2 \%$.
Ex 7.2 Question 4.
Arun bought a car for Rs. 3,50,000. The next year, the price went up to Rs. $3,70,000$. What was the percentage of price increase?
Answer:
Increased in price of a car from Rs. 3,50,000 to Rs. 3,70,000.
Amount change $=$ Rs. $3,70,000-$ Rs. $3,50,000=$ Rs. 20,000 .
Therefore, Increased percentage $=\frac{\text { Amount of change }}{\text { Original amount }} \times 100$
$
=\frac{20000}{350000} \times 100=5 \frac{5}{7} \%
$
Hence, the percentage of price increased is $5 \frac{5}{7} \%$.
Ex 7.2 Question 5.
I buy a T.V. for Rs. 10,000 and sell it at a profit of $20 \%$. How much money do I get for it?
Answer:
The cost price of T.V. = Rs. 10,000
Profit percent $=20 \%$
Now, Profit $=$ Profit $\%$ of C.P.
$
=\frac{20}{100} \times 10000=\text { Rs. } 2,000
$
Selling price $=$ C.P. + Profit
$
=10,000+2,000=\text { Rs. } 12,000
$
Hence, he gets Rs. 12,000 on selling his T.V.
Ex 7.2 Question 6.
Juhi sells a washing machine for Rs. 13,500. She loses $20 \%$ in the bargain. What was the price at which she bought it?
Answer:
Selling price of washing machine = Rs. 13,500
Loss percent $=20 \%$
Let the cost price of washing machine be Rs. $x$.
Since, Loss $=$ Loss $\%$ of C.P.
$
\Rightarrow \text { Loss }=20 \% \text { of Rs. } x=\frac{20}{100} \times x=\frac{x}{5}
$
Therefore, S.P. $=$ C.P. - Loss
$
\begin{aligned}
& \Rightarrow 13500=x-\frac{x}{5} \Rightarrow 13500=\frac{4 x}{5} \\
& \Rightarrow x=\frac{13500 \times 5}{4}=\text { Rs. } 16,875
\end{aligned}
$
Hence, the cost price of washing machine is Rs. 16,875.
Ex 7.2 Question 7.
(i) Chalk contains Calcium, Carbon and Oxygen in the ratio $10: 3: 12$. Find the
percentage of Carbon in chalk.
(ii) If in a stick of chalk, Carbon is $3 \mathrm{~g}$, what is the weight of the chalk stick?
Answer:
(i) Given ratio $=10: 3: 12$
Total part $=10+3+12=25$
Part of Carbon $=\frac{3}{25}$
Percentage of Carbon part in chalk $=\frac{3}{25} \times 100=12 \%$
(ii) Quantity of Carbon in chalk stick $=3 \mathrm{~g}$
Let the weight of chalk be $x \mathrm{~g}$.
Then, $12 \%$ of $x=3$
$
\begin{aligned}
& \Rightarrow \frac{12}{100} \times x=3 \\
& \Rightarrow x=\frac{3 \times 100}{12}=25 \mathrm{~g}
\end{aligned}
$
Hence, the weight of chalk stick is $25 \mathrm{~g}$.
Ex 7.2 Question 8.
Amina buys a book for Rs. 275 and sells it at a loss of $15 \%$. How much does she sell it for?
Answer:
The cost price of a book $=$ Rs. 275
Loss percent $=15 \%$
Loss $=$ Loss $\%$ of C.P. $=15 \%$ of Rs. $275=\frac{15}{100} \times 275=$ Rs. 41.25
Therefore, S.P. $=$ C.P. - Loss $=275-41.25=$ Rs. 233.75
Hence, Amina sells a book for Rs. 233.75.
Ex 7.2 Question 9.
Find the amount to be paid at the end of 3 years in each case:
(a) Principal $=$ Rs. 1,200 at $12 \%$ p.a.
(b) Principal $=$ Rs. 7,500 at $5 \%$ p.a.
Answer:
(a) Here, Principal $(\mathrm{P})=$ Rs. 1,200 , Rate $(R)=12 \%$ p.a., Time $(T)=3$ years
Simple Interest $=\frac{\mathrm{P} \times \mathrm{R} \times \mathrm{T}}{100}=\frac{1200 \times 12 \times 3}{100}=$ Rs. 432
Now, Amount $=$ Principal + Simple Interest $=1200+432=$ Rs. 1,632
(b) Here, Principal $(\mathrm{P})=$ Rs. 7,500, Rate $(\mathrm{R})=5 \%$ p.a., Time $(\mathrm{T})=3$ years
Simple Interest $=\frac{\mathrm{P} \times \mathrm{R} \times \mathrm{T}}{100}=\frac{7500 \times 5 \times 3}{100}=$ Rs. 1,125
Now, Amount $=$ Principal + Simple Interest $=7,500+1,125=$ Rs. 8,625
Ex 7.2 Question 10.
What rate gives Rs. 280 as interest on a sum of Rs. 56,000 in 2 years?
Answer:
Here, Principal $(\mathrm{P})=$ Rs. 56,000, Simple Interest (S.I. $)=$ Rs. 280, Time $(\mathrm{T})=2$ years
Simple Interest $=\frac{\mathrm{P} \times \mathrm{R} \times \mathrm{T}}{100}$
$
\begin{aligned}
& \Rightarrow 280=\frac{56000 \times \mathrm{R} \times 2}{100} \\
& \Rightarrow \mathrm{R}=\frac{280 \times 100}{56000 \times 2} \\
& \Rightarrow \mathrm{R}=0.25 \%
\end{aligned}
$
Hence, the rate of interest on sum is $0.25 \%$.
Ex 7.2 Question 11.
If Meena gives an interest of Rs. 45 for one year at $9 \%$ rate p.a. What is the sum she has borrowed?
Answer:
Simple Interest $=$ Rs. 45 , Rate $(\mathrm{R})=9 \%$ p.a., Time $(\mathrm{T})=1$ year Simple Interest $=\frac{\mathrm{P} \times \mathrm{R} \times \mathrm{T}}{100}$
$
\begin{aligned}
& \Rightarrow 45=\frac{\mathrm{P} \times 9 \times 1}{100} \\
& \Rightarrow \mathrm{P}=\frac{45 \times 100}{9 \times 1} \\
& \Rightarrow \mathrm{P}=\text { Rs. } 500
\end{aligned}
$
Hence, she borrowed Rs. 500.