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### Grade 8 - Mathematics 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.

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