Exercise: 8.1
1. Find the ratio of the following:
(a) Speed of a cycle 15 km per hour to the speed of a scooter 30 km per hour.
(b) 5 m to 10 km
(c) 50 paise to ₹ 5
Explanation:
a) Speed of a cycle is given as 15km per hour and
Speed of a scooter is given as 30km per hour
Therefore, Speed of a cycle : Speed of a scooter = 15:50 or 1:2
Therefore, the required ratio is 1:2
b) We know, 1 km = 1000 m
So, 10km= 10 x1,000m= 10,000m
5m/10000m= 1/ 2,000
Therefore, the required ratio is 1:2,000
c) We know, ₹1 = 100paise
So, ₹5= 5 × 100paise = 500paise
50 paise/₹5= 50/500 = 1/10 = 1:10
Therefore, the ratio = 1:10
2. Convert the following ratio to percentages:
a) 3:4
b) 2:3
Explanation:
a) 3:4
= ¾
= 3/4 × 100%
= 0.75 × 100%
= 75%
b) 2:3
= 2/3
= 2/3 × 100%
= 0.66 x 100%
= 66.666 %
3.72% of 25 students are good in mathematics. How many are not good in mathematics?
Explanation:
Given that 72% are good in mathematics out of a total of 25 students
Thus, number of students who are good in Mathematics= 72/100 × 25
= 18
Thus, the number of students who are not good in mathematics can be calculated as
= Total number of students – Number of students good in mathematics
= 25 – 18
= 7
4.A football team won 10 matches out of the total number of matches they played. If their win percentage was 40, then how many matches did they play in all?
Explanation:
Let the total number of matches played by team be x.
Matches won by the team is 10 and win % is 40
⇒ 40/100 × x = 10
4/10 × x = 10
4x = 100
x = 100 / 4
= 25
Hence, the total number of matches played by the team is 25.
5.If Chameli had ₹600 left after spending 75% of her money, how much did she have in the beginning?
Explanation:
In the beginning let Chameli have x amount of money
Given, she was left with 600 after spending 75% of x
Percentage of money left after spending 600= 100% - 75% = 25%
So, 25% of x = ₹600
25/100 × x = ₹600
25x = 60000
x = ₹60000/25
= ₹2400
Hence, amount of money Chameli had in the beginning was 2400
6.If 60% of people in the city like cricket, 30% like football and the remaining like other games, then what per cent of the people like other games? If the total number of people is 50 lakhs, find the exact number who like each type of game.
Explanation:
Given, % of people liking cricket= 60%
% of people liking football= 30%
% of people liking other games = (100 – 60 – 30)%
= 10%
Total number of people = 50 lakhs
So,
Number of people who like cricket = 60/100 x 50 = 30 lakhs
Number of people who like football = 30/100 x 50 = 15 lakhs
Number of people who like other games = 10/100 x 50 = 5 lakhs
Exercise: 8.2
7.A man got a 10% increase in his salary. If his new salary is ₹1,54,000, find his original salary.
Explanation:
Let the original salary be x
Given,
New salary = ₹ 1,54,000
Original salary + Increase in salary = New salary
Increase in salary is 10% of original salary, i.e., x
So, (x + 10/100 × x) = 154000
x + x/10 = 154000
11x/10 = 154000
x = 154000 × 10/11
= 140000
Hence, the original salary =₹1,40,000.
8.On Sunday, 845 people went to the zoo. On Monday, only 169 people went. What is the percent decrease in the number of people visiting the zoo on Monday?
Explanation:
Given,
No. of visitors in a zoo on Sunday= 845
No. of visitors in a zoo on Monday= 169
Decline in the number of visitors = 845 – 169 = 676
Thus,
Percentage decrease can be calculated as,
(Decrease in the number of visitors/Number of visitors in the zoo on Sunday) x 100%
= (676 / 845 × 100)%
= 80%
9.A shopkeeper buys 80 articles for ₹ 2,400 and sells them for a profit of 16%. Find the selling price of one article.
Explanation:
Given, Cost of 80 articles for the seller= 2400
Cost of one article = 2400/80 = ₹ 30
Rate of profit = 16%
Profit % = Profit/Cost Price. x 100
16 = Profit / 30 x 100
Profit/100 = (16 x 30)
Profit= 480/100
= ₹ 4.8
Therefore, the selling price of one article = Cost price + Profit
= ₹ (30 + 4.80)
= ₹ 34.80
10.The cost of an article was ₹ 15,500. ₹ 450 was spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.
Explanation:
Given, C.P. of article = 15,500
Repair cost= 450
Aggregate cost of an article = Cost + Repairs
= ₹15500 + ₹450
= ₹15950
Rate of profit= 15%
Profit % = Profit/C.P. x 100
15 = Profit/15950 x 100
Profit/100 = (15 x 15950)
Profit== 239250/100
= 2392.50
Therefore, the S.P. of the article = C.P. + Profit
= ₹(15950 + 2392.50)
= ₹18342.50
11.A VCR and TV were bought for ₹ 8,000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loss per cent on the whole transaction.
Explanation:
Cost of a VCR = ₹ 8000
Loss on VCR= 4%
This means that if C.P. is ₹ 100, then S.P. is ₹ 96.
When C.P. is ₹ 8000,
S.P. = (96/100 x 8000)
= ₹ 7680
Cost. of a TV = ₹ 8000
Profit on TV= 8%
This means that if cost price is ₹ 100, then sale price is ₹ 108.
When Cost price is ₹ 8000,
Selling price = (108/100 x 8000)
= ₹ 8640
Therefore, total Sales price = ₹ 7680 + ₹ 8640
= ₹ 16320
Total cost price = ₹ 8000 + ₹ 8000 = ₹ 16000
Since, sales is more than the cost it implies gain.
Profit = ₹ (16320 – 16000)
= ₹ 320
Rate of profit in total= Profit / Total CP × 100
= 320 / 16000 × 100
= 2%
Thus, on this transaction the shopkeeper bags a profit of 2%
12.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 ₹ 1450 and two shirts marked at ₹ 850 each?
Explanation:
Total marked price of items= 1450+850+850
= 3150
The discount rate is given as 10%
So, Discount = ₹ (10/100 x 3150) = ₹ 315
Therefore, S.P. = ₹3150 −₹ 315
= ₹ 2835
Hence, the amount customer will have to pay ₹ 2,835.
13.A milkman sold two of his buffaloes for ₹ 20,000 each. On one, he made a gain of 5% and on the other, a loss of 10%. Find his overall gain or loss.(Hint: Find the C.P. of each)
Explanation:
One buffalo was sold for 20,000
Therefore if 2 buffalos were sold, then total sale was 40,000
Gain on sale of one buffalo= 5%
If cost is 100, then sale price is 105
Cost of one buffalo = 100/105 × 20000
= ₹ 19,047.62
Now, loss on sale of second buffalo is 10%
If cost is Rs.100, then sale price is Rs.90
Therefore, Cost of other buffalo = 100 / 90 × 20000
= ₹ 22222.22
Total Cost = ₹ 19047.62 + ₹ 22222.22
= ₹ 41269.84
Total Sale price = ₹ (20000 + 20000) = ₹ 40000
Since, sale < cost, the seller made loss.
Loss = ₹ 41269.84 − ₹ 40000
= ₹ 1269.84
Thus, the total loss of milkman = ₹ 1,269.84
14. The price of a TV is ₹ 13,000. The sales tax charged on it is at the rate of 12%. Find the amount that Vinod will have to pay if he buys it.
Explanation:
Given, Price of the TV = 13,000
Sales tax rate= 12%
Tax to be paid= 12 / 100 x 13000
= 1560
Total amount that Vinod has to pay = Price + Sales Tax
= ₹ (13000 + 1560)
= ₹ 14560
Hence, amount Vinod has to pay for TV = ₹ 14,560
15. Arun bought a pair of skates at a sale where the discount given was 20%. If the amount he pays is ₹ 1,600, find the marked price.
Explanation:
Let the marked price be x
Discount given= 20% of x
Amount paid by Arun + Discount= Marked Price
=>1600+ 20/100 × x = x
=>1600 + 2x/10 = x
=>16000 + 2x = 10x
=>8x = 16000
=>x= 16000/8
=>x= 2000
Therefore, the marked price = ₹ 2000.
16. I purchased a hair dryer for ₹ 5,400, including 8% VAT. Find the price before VAT was added.
Explanation:
Since, the price of dryer includes VAT of 8%, 5400 includes VAT
Let price before VAT be 100
Then, Price including VAT= 108
Similarly, when price including VAT is ₹ 5400, original price = ₹ (100 / 108 × 5400)
= ₹ 5000
Therefore, the price of the hair dryer before charging VAT was ₹ 5,000.
Exercise: 8.3
Calculate the amount and compound interest on ( from question 17 to 21)
17. ₹ 10,800 for 3 years at 12½% per annum compounded annually.
Explanation:
Principal = ₹ 10,800
Rate = 12½ % = 25/2 % p.a.
Time = 3yrs
Amount (A) = P(1 + R/100)n
= 10800 (1 + 25 / 200)3
= 10800 (225 / 200)3
= 15377.34375
= ₹ 15377.34
C.I. = A – P = ₹ (15377.34 – 10800)
= ₹ 4,577.34
18.₹ 18000 for 2½ years at 10% per annum compounded annually.
Explanation:
Principal = ₹ 18,000
Rate = 10% p.a.
Number of years = 2½yrs
The interest amount for 2 years and 6 months can be calculated by calculating the amount for 2 years first using the compound interest formula, then calculating 6 months of simple interest on the amount earned after 2 years.
First, the amount for 2 years has to be calculated as
A = P(1 + R/100)n
= 18000(1 + 1/10)2
= 18000(11/10)2
= ₹ 21780
By taking ₹ 21,780 as the principal amount, the Simple Interest for the next ½ year will be calculated
S.I. = (21780 x ½ x 10)/100
= ₹ 1089
Hence, the interest for the first 2 years = ₹ (21780 – 18000) = ₹ 3780
And, interest for the next ½ year = ₹ 1089
Total C.I. = ₹ 3780 + ₹ 1089
= ₹ 4,869
Therefore,
Amount, A = P + C.I.
= ₹ 18000 + ₹ 4869
= ₹ 22,869
19.₹ 62500 for 1½ years at 8% per annum compounded half yearly.
Explanation:
(P) = ₹ 62,500
R = 8% per annum or 4% per half-year
n = 1½
There will be 3 half-years in 1½ years
Amount, A = P(1 + R/100)n
= 62500(1 + 4/100)3
= 62500(104/100)3
= 62500(26/25)3
= ₹ 70304
C.I. = A – P = ₹ 70304 – ₹ 62500 = ₹ 7,804
20. ₹ 8000 for 1 year at 9% per annum compound half yearly.
(You can use the year-by-year calculation using S.I. formula to verify)
Explanation:
(P) = ₹ 8000
R = 9% per annum or 9/2% per half-year
n= 1 year
There will be 2 half-years in 1 year
A = P (1 + R/100)n
= 8000 (1 + 9/200)2
= 8000 (209/200)2
= 8736.20
C.I. = A – P = ₹ 8736.20 – ₹ 8000 = ₹ 736.20
21.₹ 10000 for 1 year at 8% per annum compounded half yearly.
Explanation:
P = ₹ 10,000
R = 8% per annum or 4% per half-year
n= 1 year
There are 2 half-years in 1 year, so n=2
Amount, A = P(1 + R/100)n
= 10000 (1 + 4/100)2
= 10000 (1 + 1/25)2
= 10000 (26/25)2
= ₹ 10816
C.I. = A – P = ₹ 10816 – ₹ 10000 = ₹ 816
22.Kamala borrowed ₹ 26400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?
(Hint: Find A for 2 years with interest compounded yearly and then find S.I. on the 2nd year amount for 4/12 years.)
Explanation:
Principal (P) = ₹ 26,400
Rate (R) = 15% per annum
Number of years (n) = 2 4/12
First we calculate amount for 2 years using compound interest formula
A = P(1 + R/100)n
= 26400(1 + 15/100)2
= 26400(1 + 3/20)2
= 26400(23/20)2
= ₹ 34914
Now, interest for the remaining 4 months has to be calculated which can be done with the help of simple interest formula by considering compounded amount of 2 years.
By taking ₹ 34,914 as principal, the S.I. for the next 4 months will be calculated as,
S.I. = (34914 × 1/3 x 15)/100
= ₹ 1745.70
Interest for the first two years = ₹ (34914 – 26400)
= ₹ 8,514
And interest for the next 1/3 year = ₹ 1,745.70
Total C.I. = ₹ (8514 + ₹ 1745.70)
= ₹ 10,259.70
Amount = P + C.I. = ₹ 26400 + ₹ 10259.70
= ₹ 36,659.70
23.Fabina borrows ₹ 12,500 at 12% per annum for 3 years at simple interest, and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest, and by how much?
Explanation:
For Fabina,
P= 12500
R= 12%
n= 3 years
Interest paid by Fabina at simple interest = (P x R x T)/100
= (12500 x 12 x 3)/100
= 4500
For Radha,
P= 12500
R= 10%
n= 3 yrs
Amount paid by Radha at the end of 3 years ,
A = 12500(1 + 10/100)3
= 12500(110/100)3
= ₹ 16637.50
Interest paid by Radha at compound interest = A – P = ₹ 16637.50 – ₹ 12500 = ₹ 4,137.50
The interest paid by Fabina is ₹ 4,500 and by Radha is ₹ 4,137.50
Thus, Fabina pays more interest
₹ 4500 − ₹ 4137.50 = ₹ 362.50
Hence, Fabina will have to pay ₹ 362.50 more.
24.I borrowed ₹ 12000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?
Explanation:
Case 1- Borrowed at simple interest
P = ₹ 12000
R = 6% per annum
T = 2 years
S.I. = (P × R × T)/100
= (12000 × 6 × 2)/100
= ₹ 1440
Case 2- Borrowed at Compound interest
To find the compound interest, the amount (A) has to be calculated
A = P(1 + R/100)n
= 12000(1 + 6/100)2
= 12000(106/100)2
= 12000(53/50)2
= ₹ 13483.20
∴ C.I. = A − P
= ₹ 13483.20 − ₹ 12000
= ₹ 1,483.20
Therefore, extra amount I have to pay
C.I. − S.I. = ₹ 1,483.20 − ₹ 1,440
= ₹ 43.20
Therefore, the extra amount to be paid is ₹ 43.20.
25.Vasudevan invested ₹ 60000 at an interest rate of 12% per annum compounded half yearly. What amount would he get
(i) after 6 months?
(ii) after 1 year?
Explanation:
(i) P = ₹ 60,000
R= 12% per annum = 6% per half-year
n = 6 months = 1 half-year
Amount, A = P(1 + R/100)n
= 60000(1 + 6/100)1
= 60000(106/100)
= 60000(53/50)
= ₹ 63600
(ii) Since, there are 2 half-years in 1 year
So, n = 2
Amount, A = P(1 + R/100)n
= 60000(1 + 6/100)2
= 60000(106/100)2
= 60000(53/50)2
= ₹ 67416
26.Arif took a loan of ₹ 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after 1½ years if the interest is
(i) Compounded annually
(ii) Compounded half yearly
Explanation:
(i) P = ₹ 80,000
R = 10% per annum
n = 1½ years
First, we calculate interest amount for 1 year using compound interest formula as
Amount, A = P(1 + R/100)n
= 80000(1 + 10/100)1
= 80000 x 11/100
= ₹ 88000
Now, interest for the remaining 6 months has to be calculated which can be done with the help of simple interest formula by considering compounded amount of 1 year as the principal.
S.I. = (P × R × T)/100
= (88000 × 10 × ½)/100
= ₹ 4400
So, Interest for the 1st year = ₹ 88000 – ₹ 80000 = ₹ 8000
And interest for the next ½ year = ₹ 4,400
Total compound interest = ₹ 8,000 + ₹ 4,400 = ₹ 12,400
A = P + C.I.= ₹ (80000 + 12400)
= ₹ 92,400
Thus, if compounded annually Arif has to pay 92,400 after 1 ½ years
(ii) half yearly
Rate = 10% p.a. and 5% per half-year
In 1½ years there will be three half-years so n=3
Amount, A = P(1 + R/100)n
= 80000 × (1 + 5/100)3
= 80000 × (105/100)3
= ₹ 92610
Thus, if compounded half yearly Arif has to pay 92610 after 1 ½ years
Hence, the difference between the annual and half yearly amount = ₹ 92,610 – ₹ 92,400
= ₹ 210
27.Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find
(i) The amount credited against her name at the end of the second year
(ii) The interest for the 3rd year
Explanation:
(i) P = ₹ 8,000
R = 5% per annum
T = 2 years
A = P(1 + R/100)n
= 8000 × (1 + 5/100)2
= 8000(105/100)2
= ₹ 8820
(ii) The interest for the third year can be calculated by taking the compounded amount i.e, ₹ 8,820 as principal, the S.I. for the next year will be calculated as
S.I. = (P × R × T)/100
= (8820 × 5 × 1)/100
= ₹ 441
28. Find the amount and the compound interest on ₹ 10,000 for 1½ years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
Explanation:
P = ₹ 10,000
Rate = 10% per annum = 5% per half-year
T = 1½ years
In 1½ years there will 3 half-years so n=3
Amount, A = P(1 + R/100)n
= 10000 × (1 + 5/100)3
= 10000 × (105/100)3
= ₹ 11576.25
C.I. = A − P
= ₹ 11576.25 − ₹ 10000
= ₹ 1,576.25
First we calculate amount for 1 year using compound interest formula
A = P(1 + R/100)n
= 10000(1 + 10/100)1
= 10000(110/100)
= ₹ 11000
By taking ₹ 11,000 as the principal, the S.I. for the next ½ year will be calculated as
S.I. = (P x R x T)/100
= (11000 x 10 x ½)/100
= ₹ 550
So, the amount of interest for 1st year = ₹ 11000 − ₹ 10000 = ₹ 1,000
Hence, total compound interest = ₹ 1000 + ₹ 550 = ₹ 1,550
So the difference between two interests = 1576.25 – 1550 = 26.25
The interest compounded half yearly would be 26.25 more than the amount of interest when compounded annually.
29.Find the amount which Ram will get on ₹ 4,096, if he gave it for 18 months at 12½ per annum, interest being compounded half-yearly.
Explanation:
Principle = ₹ 4,096
Rate of interest = 12½ p.a. = 25/2 p.a. = 25/4 half yearly
Time = 18 months (18 months = 3 half years; n=3)
Thus, A = P(1 + R/100)n
= 4096 × (1 + 25/(4 x 100))3
= 4096 × (1 + 1/16)3
= 4096 × (17/16)3
= ₹ 4913
Hence, the amount ram will get is ₹ 4,913.
30.The population of a place increased to 54000 in 2003 at a rate of 5% per annum
(i) find the population in 2001
(ii) what would be its population in 2005?
Explanation:
(i) Population in 2003 = 54,000
Rate= 5% n= 2yrs
Population in 2003= Population in 2001 x ( 1 + r/100)n
54,000 = (Population in 2001)x (1 + 5/100)2
54,000 = (Population in 2001)x (105 / 100)2
Population in 2001 = 54000 x (100/105)2
= 48979.59
Hence, the population in 2001 was approximately 48,980
(ii) Similarly, Population in the year 2005 = 54000 × ( 1 + 5/100 )2
= 54000× (105/100)2
= 54000 × (21/20)2
= 59535
Therefore, the population in 2005 would be 59,535.
31.In a laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria at the end of 2 hours if the count was initially 5,06,000.
Explanation:
Given, the initial count of bacteria 5,06,000
Rate of increase= 2.5%
Bacteria after two hrs = 506000 × (1 + 2.5/100)2
= 506000 × (1 + 1 / 40)2
= 506000× ( 41 / 40 )2
= 531616.25
Hence, the count of bacteria after 2 hrs will be 5,31,616 (approximate)
32.A scooter was bought at ₹ 42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.
Explanation:
C.P. of the scooter = ₹ 42,000
Depreciation = 8% × ₹ 42,000 per year
= 3360
After 1 year, the value can be calculated as,
Cost of scooter – Depreciation for the year
Therefore, ₹ 42000 − ₹ 3360
= ₹ 38,640.
Also Read: Comparing Quantities Class 8 Extra Questions