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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%.23/2021/20None of these24/21 Q 2: By what fraction the cost price should be multiplied to get selling price, if profit is 10%.10/1111/109/7None of these Q 3: By what fraction the cost price should be multiplied to get selling price, if profit is 40%.7/67/59/75/7 Q 4: By what fraction the cost price should be multiplied to get selling price, if profit is 7%.100/107107/100None of these Q 5: By what fraction the cost price should be multiplied to get selling price, if profit is 6%.50/5353/50None of these Q 6: By what fraction the cost price should be multiplied to get selling price, if profit is 15%.18/21None of these19/1723/20 Q 7: By what fraction the cost price should be multiplied to get selling price, if profit is 25%.4/5None of these5/413/11 Q 8: By what fraction the cost price should be multiplied to get selling price, if profit is 4%.25/2626/25None of these24/25 Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!

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