Profit, Loss and Discount
ICSE · Class 8 · Mathematics
Flashcards for Profit, Loss and Discount — ICSE Class 8 Mathematics. Quick Q&A cards covering key concepts, definitions, and formulas.
Interactive on Super Tutor
Studying Profit, Loss and Discount? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for flashcards and more.
1,000+ Class 8 students started this chapter today
A shopkeeper buys an article for ₹500 and sells it for ₹650. Find the profit and profit percent.
Answer
Step 1: Cost Price = ₹500, Selling Price = ₹650 Step 2: Profit = S.P. - C.P. = ₹650 - ₹500 = ₹150 Step 3: Profit % = (Profit / C.P.) × 100 = (150 / 500) × 100 = 30% Answer: Profit = ₹150 and profit pe…
A toy is bought for ₹240 and sold for ₹210. Find the loss and loss percent.
Answer
Step 1: Cost Price = ₹240, Selling Price = ₹210 Step 2: Loss = C.P. - S.P. = ₹240 - ₹210 = ₹30 Step 3: Loss % = (Loss / C.P.) × 100 = (30 / 240) × 100 = 12.5% Answer: Loss = ₹30 and loss percent = 12.
An article is sold at a profit of 20% and its cost price is ₹400. Find the selling price.
Answer
Step 1: Use S.P. = ((100 + gain%) / 100) × C.P. Step 2: Substitute values: S.P. = ((100 + 20) / 100) × 400 Step 3: S.P. = (120 / 100) × 400 = ₹480 Answer: Selling price = ₹480.
An article is sold at a loss of 15% and its cost price is ₹800. Find the selling price.
Answer
Step 1: Use S.P. = ((100 - loss%) / 100) × C.P. Step 2: Substitute values: S.P. = ((100 - 15) / 100) × 800 Step 3: S.P. = (85 / 100) × 800 = ₹680 Answer: Selling price = ₹680.
The selling price of an article is ₹720 and the profit is 20%. Find the cost price.
Answer
Step 1: Use C.P. = 100 / (100 + gain%) × S.P. Step 2: Substitute values: C.P. = 100 / 120 × 720 Step 3: C.P. = ₹600 Check: Profit = ₹720 - ₹600 = ₹120, and 120/600 × 100 = 20% Answer: Cost price = ₹60…
The selling price of an article is ₹850 and the loss is 15%. Find the cost price.
Answer
Step 1: Use C.P. = 100 / (100 - loss%) × S.P. Step 2: Substitute values: C.P. = 100 / 85 × 850 Step 3: C.P. = ₹1000 Check: Loss = ₹1000 - ₹850 = ₹150, and 150/1000 × 100 = 15% Answer: Cost price = ₹10…
Why is profit percent calculated on cost price and not on selling price?
Answer
Profit percent is always based on cost price because profit is compared with the amount originally spent. If C.P. = ₹200 and profit = ₹50, then profit % = 50/200 × 100 = 25%. If it were based on selli…
An article is bought at 10 for ₹80 and sold at 8 for ₹96. Find the profit or loss percent.
Answer
Step 1: Find cost price of 1 article = ₹80 / 10 = ₹8 Step 2: Find selling price of 1 article = ₹96 / 8 = ₹12 Step 3: Profit on 1 article = ₹12 - ₹8 = ₹4 Step 4: Profit % = (4 / 8) × 100 = 50% Answer: …
+20 more flashcards available
Practice AllFrequently Asked Questions
What are the important topics in Profit, Loss and Discount for ICSE Class 8 Mathematics?
How to score full marks in Profit, Loss and Discount — ICSE Class 8 Mathematics?
How many flashcards are available for Profit, Loss and Discount?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Profit, Loss and Discount
Practice Quiz
Test yourself with a quick quiz
Important Questions
Practice with board exam-style questions
Revision Notes
Key points for last-minute revision
Formula Sheet
All formulas in one place
Chapter Summary
Understand the chapter at a glance
Concept Maps
See how topics connect visually
Study Plan
Step-by-step plan to ace this chapter
Syllabus
What topics to cover
NCERT Solutions
Every textbook question solved step by step
For serious students
Get the full Profit, Loss and Discount chapter — for free.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 8 Mathematics.