# NCERT Solutions for Class 8 Maths Chapter 8 Exercise 8.2

CBSE NCERT Solutions for Class 8 Maths Chapter 8 Exercise 8.2 (Ex. 8.2) Comparing Quantities in PDF file format free to download for academic session 2020-2021. Solutions of exercises are available in digital format or PDF and videos format – one for exercises solution and one is for exercises explanation.

In class 8 mathematics exercise 8.2, we will discuss about application of percentage, profit and loss based questions and more similar topics.## Class 8 Maths Chapter 8 Exercise 8.2 Solution

Class: 8 | Mathematics |

Chapter: 8 | Comparing Quantities |

Exercise: 8.2 | Hindi and English Medium Solution |

### CBSE NCERT Class 8 Maths Chapter 8 Exercise 8.2 Solution in Hindi and English Medium

### Class 8 Maths Chapter 8 Exercise 8.2 Solution in Videos

#### Profit, Loss and Discount

To calculate Profit, Loss and Discount on a particular material we should have some data like cost price and selling price of material.

#### Cost price (CP)

The amount for which an article is bought is called its cost price.

#### Selling price (SP)

The amount for which an article is sold is called its selling price.

#### Profit or gain

When (SP) > (CP) then there is a gain. Gain = (SP) – (CP).

#### Loss

When (SP) < (CP) then there is a loss. Loss = (CP) - (SP).

##### An important fact:

The gain or loss is always reckoned on the cost price.

Formulae

i. Gain = (SP) – (CP)

ii. Loss = (CP) – (SP)

iii. Gain% = {(gain/cp) x 100} %

iv. loss% = {(loss/cp) x 100} %

##### To find SP when CP and gain% or loss% are given: (a) SP = {(100 + gain%)/100 x SP} %

(a) SP = {(100 + gain%)/100 x SP} %

(b) SP = {(100 – loss%)/100 x CP} %

vi. To find CP when SP and gain% or loss% are given:

(a) CP = {100/ (100 + gain%) x SP

(b) CP = {100/ (100 – loss%) x SP

##### Mohit bought a CD for Rs. 750 and sold it for Rs. 875. Find his gain per cent.

CP = Rs. 750 and SP = Rs. 875.

Since (SP) > (CP),

Mohit makes a gain.

Gain = Rs. (875 – 750) = Rs. 125.

Gain% = (gain/CP) x 100 %

= (125/750)/100 %

= 50/3 %

##### Overheads:

Sometimes, after purchasing an article, we have to pay some more money for things like transportation, labour charges, repairing charges, local taxes, etc. These extra expenses are called overheads.

##### Anuj sells two watches for 1955 each, gaining 15% on one and losing 15% on the other. Find her gain or loss per cent in the whole transaction.

SP of the first watch = 1955

So, CP of the first watch = {100/ (100 + gain%)} x SP

= {100/ (100 + 15)} x 1955 = (100/115) x 1955

= Rs. 1700

SP of the second watch = Rs. 1955

Loss% = 15%.

CP of second watch = {100/ (100 – loss%)} x SP

= (100/85) x 1955

= Rs. 2300

Total CP of the two watches = (1700 + 2300) = 4000.

Total SP of the two watches = (1955 x 2) = 3910.

Since (SP) < (CP), there is a loss in the whole transaction. Loss = (4000 – 3910) = 90. So, loss% = (90/4000) x 100 % = 9/4 % Hence, Anuj loses 9/4 % in the whole transaction

#### Discount

In order to increase the sale or clear the old stock, sometimes the shopkeepers offer a certain percentage of rebate on the marked price. This rebate is known as discount.

##### Marked Price:

In big shops and departmental stores, every article is tagged with a card and its price is written on it. This is called the marked price of that article, abbreviated as MP.

For books, the printed price is the marked price.

##### List Price:

Items which are manufactured in a factory are marked with a price according to the list supplied by the factory, at which the retailer is supposed to sell them. This price is known as the list price of the article.

An Important Fact: The discount is always reckoned on the marked price.

Selling price = (marked price) – (discount).

##### The marked price of a ceiling fan is 1250 and the shopkeeper allows a discount of 6% on it. Find the selling price of the fan.

Marked price = 1250 and discount = 6%.

Discount = 6% of MP

= (6% of 1250) = (1250 x 6)/100 = Rs. 75

Selling price = (MP) – (discount) = (1250 – 75) = Rs. 1175.

#### Sales Tax (ST)

ST is charged by the shopkeeper from the customer on selling price of an item and is added to the value of the bill. Sales tax is paid in a state to the respective state government.

#### Value Added Tax (VAT)

The Government has to provide various facilities to its citizens and for that it needs money. In order to meet the expenditure, the government imposes certain taxes so as to get the required funds. Value added tax (VAT) is one such tax and it is calculated on the selling price of the goods. VAT or sales tax is levied at a specified rate which is different for different articles and also it differs from state to state.

##### The cost of a TV set at a showroom was 36500. The sales tax charged was 8% Find the bill amount.

Cost of TV set = 36500.

Sales tax = 8% of 36500 = Rs. (36500 x 8/100) = Rs. 2920

So, bill amount = (36500 + 2920) = 39420.

##### Raman bought an air cooler for 5400 including VAT at 8%. Find the original price of the air cooler.

Let the original price of the air cooler be x.

VAT = 8% of x = Rs. (x X 8/100) = Rs. 2x/25

So, Price including VAT = Rs. (x + 2x/25) = Rs. 27x/25

So, 27x/25 = 5400

X = 5400 x 25/27 = 5000

Hence, the original price of the air cooler is 5000.

##### What is the formula of marked price?

This is basically labelled by shopkeepers to offer a discount to the customers in such a way that, Discount = Marked Price – Selling Price. And Discount Percentage = (Discount/Marked price) x 100.