- AAbout 4.5% profit
- B8.7% loss
- C2% loss
- D8% loss
Step-by-Step Solution
Cost price (repairs are part of the cost). Loss . Loss % . Leaving out the repairs wrongly shows a profit of ₹ 100.
Answer: D) 8% loss
Ajay bought an old cycle, paid for repairs, and then sold it, as the tags show. What is his profit or loss percentage?
Class 8Comparing QuantitiesComparing Quantities
Key idea: Discount
A discount is a reduction off the **marked price** (MP), not the cost price. The selling price (SP) is what the customer actually pays.
**SP = MP − Discount**
**Discount % = (Discount / MP) × 100**
Example: shirt MP ₹800, discount 25%. Discount amount = 25% of 800 = 200. SP = 800 − 200 = 600.
Note: discount % is calculated on MP. Profit/loss % (Class 7) is on CP. Don't mix them up.
**SP = MP − Discount**
**Discount % = (Discount / MP) × 100**
Example: shirt MP ₹800, discount 25%. Discount amount = 25% of 800 = 200. SP = 800 − 200 = 600.
Note: discount % is calculated on MP. Profit/loss % (Class 7) is on CP. Don't mix them up.
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