


ICSE /Class 7
Maths MCQ Based On Application to profit and loss
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ICSE Class 7 Maths Application to profit and loss
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Let Selling Price = 3x and Cost Price = 4x
Make equations of the above problem then solve accordingly.
\\(Profit percentage =\\frac{Profit}{CP}\\times 100\\).
SP- CP= Profit or Loss, SP=marked price.
Loss% = \\(\\frac{loss}{CP}\\)\\(\\times\\) 100
set up an equation between the selling price and the retail price after the discount.
Find individual Selling price of both the cows using profit% and loss% and add to obtain total Selling price.
CP-SP=Loss
SP-CP= Profit.
Profit = SP-CP
Find Selling price and Cost Price of 1 lemon,
Use Profit% = \\(\\frac{Profit}{CP}\\)\\(\\times \\)100

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