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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 5%.24/2121/20None of these23/20 Q 2: By what fraction the cost price should be multiplied to get selling price, if profit is 40%.9/75/77/67/5 Q 3: By what fraction the cost price should be multiplied to get selling price, if profit is 6%.None of these53/5050/53 Q 4: By what fraction the cost price should be multiplied to get selling price, if profit is 10%.10/1111/10None of these9/7 Q 5: By what fraction the cost price should be multiplied to get selling price, if profit is 15%.None of these19/1723/2018/21 Q 6: By what fraction the cost price should be multiplied to get selling price, if profit is 30%.14/1113/1010/13None of these Q 7: By what fraction the cost price should be multiplied to get selling price, if profit is 50%.4/3None of these3/25/2 Q 8: By what fraction the cost price should be multiplied to get selling price, if profit is 4%.25/26None of these26/2524/25 Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!

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