NCERT Class 8 Mathematics Solutions: Chapter 8 – Comparing Quantities Exercise 8.2 Part 2

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Two method of how to find market price

Two Method of How to Find Market Price

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Question: 5 A VCR and TV were bought for Rs. 8,000 each. The shopkeeper made a loss of 4% the VCR and a profit of 8% on the TV. Find the gain or loss percent on the whole transaction.

Answer:

Cost price of VCR = Rs. 8000 and Cost price of TV= Rs. 8000

Loss on VCR

Profit on TV

Overall profit

% Profit

Hence, 2% gain on the whole transaction.

Question: 6 During a sale, a shop offered a discount of 10% on the marked prices of all the items. What would a customer have to pay for a pair of jeans marked at Rs.1450 and two shirts marked at Rs. 850 each?

Answer:

Rate of discount on all items = 10%

Marked Price of a pair of jeans = Rs. 1450 and Marked Price of a shirt = Rs. 850

Total Price of a pair of jeans and two shirts

Effective price after discount

Hence, customer has to pay Rs. 2835