# NCERT Class 7 Mathematics Solutions: Chapter 8 – Comparing Quantities Exercise 8.3 Part 1 (For CBSE, ICSE, IAS, NET, NRA 2022)

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1. Tell what is the profit or loss in the following transactions. Also find profit percent or loss percent in each case.

(a) Gardening shears bought for and sold for .

(b) A refrigerator bought and sold at .

(c) A cupboard bought for and sold at .

(d) A skirt bought for and sold at .

Answer:

**(a)** Cost price of gardening shears

Selling price of gardening shears

Since,

Therefore, Profit

Now,

So,

**(b)** Cost price of refrigerator

Selling price of refrigerator

Since,

So, here is profit.

Profit

Now,

So,

**(C)** Cost price of cupboard

Selling price of cupboard

Since,

So, here is profit.

Profit

Now,

So,

**(d)** Cost price of skirt

Selling price of refrigerator

Since, .

So, here is loss.

Profit

Now,

So,