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### Grade 8 - Mathematics2.4 Profit and Loss Word Problems

 Example: By what fraction the cost price should be multiplied to get selling price, if profit is 20%. Solution: Formula : S.P = C.P*(100+g)/100 Where S.P = selling price, C.P = cost price and g = gain. The fraction is (100+g)/100 (100+20)/100 = 120/100 = 6/5 Therefore, the fraction is 6/5. Directions: Solve the following questions. Also write at least 5 examples of your own.
 Q 1: By what fraction the cost price should be multiplied to get selling price, if profit is 4%.24/2526/25None of these25/26 Q 2: By what fraction the cost price should be multiplied to get selling price, if profit is 25%.None of these13/114/55/4 Q 3: By what fraction the cost price should be multiplied to get selling price, if profit is 40%.7/59/77/65/7 Q 4: By what fraction the cost price should be multiplied to get selling price, if profit is 15%.18/2123/2019/17None of these Q 5: By what fraction the cost price should be multiplied to get selling price, if profit is 6%.53/50None of these50/53 Q 6: By what fraction the cost price should be multiplied to get selling price, if profit is 10%.10/11None of these9/711/10 Q 7: By what fraction the cost price should be multiplied to get selling price, if profit is 5%.21/2023/2024/21None of these Q 8: By what fraction the cost price should be multiplied to get selling price, if profit is 50%.5/23/2None of these4/3 Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!

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