The City School

Academic Year 2020-21

Class 8-Term 2
Subject: Mathematics
Topic: Percentages
Worksheet # 07-A

Student’s Name: ___________________ Date: ___________

Objective:
By completing this worksheet, you will be able to:

 Solve real life word problems involving discount.

If the goods are sold at a price higher than the cost price, the manufacturer makes a
profit or gain.
𝑷𝒓𝒐𝒇𝒊𝒕 = 𝑺𝒆𝒍𝒍𝒊𝒏𝒈 𝑷𝒓𝒊𝒄𝒆 – 𝑪𝒐𝒔𝒕 𝑷𝒓𝒊𝒄𝒆
If the manufacturer sells the goods at a price lower than the cost price, then he
suffers a loss.
𝑳𝒐𝒔𝒔 = 𝑪𝒐𝒔𝒕 𝑷𝒓𝒊𝒄𝒆 – 𝑺𝒆𝒍𝒍𝒊𝒏𝒈 𝑷𝒓𝒊𝒄𝒆

 To express the profit or loss as a percentage of the cost price, we use:

𝑷𝒓𝒐𝒇𝒊𝒕 𝑳𝒐𝒔𝒔
× 𝟏𝟎𝟎% 𝒐𝒓 × 𝟏𝟎𝟎%
𝑪𝒐𝒔𝒕 𝑷𝒓𝒊𝒄𝒆 𝑪𝒐𝒔𝒕 𝑷𝒓𝒊𝒄𝒆
If the cost price of 10 pens is equal to the selling price of 8 pens, find the gain or
loss per cent.

Ali bought a cabinet for $ 6250 and spent $ 375 on its repairs. Then, he sold it for
$ 6890. Find his gain or loss per cent.

 The difference between the original selling price,

also known as the marked price, and the sale price is
called the discount:

𝑫𝒊𝒔𝒄𝒐𝒖𝒏𝒕 = 𝒎𝒂𝒓𝒌𝒆𝒅 𝒑𝒓𝒊𝒄𝒆 – 𝒔𝒂𝒍𝒆 𝒑𝒓𝒊𝒄𝒆

 The discount is often given as a percentage of the marked price:

𝑫𝒊𝒔𝒄𝒐𝒖𝒏𝒕
× 𝟏𝟎𝟎%
𝑴𝒂𝒓𝒌𝒆𝒅 𝑷𝒓𝒊𝒄𝒆

 Learn more about profit and loss from pages 115-116 of D3 7th Edition.

 Watch the video using the given link for a better understanding of the topic.
https://www.khanacademy.org/math/cc-seventh-grade-math/cc-7th-fractions-decimals/cc-7th-
percent-word-problems/v/tax-discount-and-tip-examples
Q1. The marked price of a water cooler is $ 4650. The shopkeeper offers an off-
season discount of 18% on it. Find its selling price.

Q2. Find the rate of discount being given on a shirt whose selling price is $ 546 after
deducting a discount of $ 104 on its marked price.

Q3. After allowing a discount of 8% on a toy, it is sold for $ 216.20. Find the marked
price of the toy.

Q4. A dealer marks his goods at 35% above the cost price and allows a discount of
20% on the marked price. Find his gain or loss percent.
 Q5. A cell phone was marked at 40% above the cost price and a discount of 30% was
given on its marked price. Find the gain or loss percent made by the shopkeeper.

Q6. A dealer bought a refrigerator for $ 11515. After allowing a discount of 16% on
its marked price, he gains 20%. Find the marked price of the refrigerator.

Q7. After allowing a discount of 10% on the marked price, a trader still makes a gain
of 17%. By what percent is the marked price above the cost price?

D3 – 7th Edition
Chapter 5 – Page 123
Exercise 5B Q 1-3

Master your skills of calculating discount & discount % by practicing more using the
give link.
https://www.mathgames.com/skill/7.45-find-the-percent-tax-discount

Century Nugget – MD4.12