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of Comparing Quantities Class 8

The document discusses various quantitative concepts related to percentages including: 1) Converting between percentages, fractions, decimals, and ratios. For example, 80% can be written as 80/100, 0.80, or 8/10. 2) Calculating profit and loss based on cost price and selling price. Profit and loss percentages are based on the cost price. 3) Calculating discounts, sales tax, VAT (value added tax), and compound interest using common formulas. Compound interest is calculated on interest added to the principal over multiple time periods.

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Naisha Jaiswal
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2K views14 pages

of Comparing Quantities Class 8

The document discusses various quantitative concepts related to percentages including: 1) Converting between percentages, fractions, decimals, and ratios. For example, 80% can be written as 80/100, 0.80, or 8/10. 2) Calculating profit and loss based on cost price and selling price. Profit and loss percentages are based on the cost price. 3) Calculating discounts, sales tax, VAT (value added tax), and compound interest using common formulas. Compound interest is calculated on interest added to the principal over multiple time periods.

Uploaded by

Naisha Jaiswal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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COMPARING

QUANTITIES

Class VIII, Chapter 8


Comparing Quantities
 Comparison of two same quantities
Percentage
A percentage is a number or
ratio expressed as a fraction
of 100. It is often denoted
using the percent sign, "%",
or the abbreviations “pct”. A
percentage is a
dimensionless number.
Percent as a fraction and Vice Versa

80 % means 80 out of 100


or 80/100 = 4/5
Similarly = = = 80 %
This shows that we can
express % as a fraction and
vice versa.
PERCENT AS A DECIMAL AND VICE
VERSA
We know that 65 % = 65/100

= 0.65
And 4.5 can be written as a
fraction
 = = = 450 %
This proves that a decimal can be
expressed as a percent
PERCENT AS A RATIO
 Since we are aware that ratio is a
fraction and we have seen above
that a percent can be expressed as
a fraction and vice versa. Thus ,
percent can be expressed as a ratio
and vice versa
 90 % means = = 9:10
 3:4 = = = = 75%
Profit and loss
 CostPrice (C.P.) : Price at which an article is
purchased is called its cost price.
 Selling Price (S.P.) : Price at which an article
is sold is called its selling price.
 Gain or Profit : When S.P. > C.P. then there is
gain.
 Loss : When S.P. < C.P. then there is loss
 Note: Profit % and Loss % are always
reckoned on the cost price.
Formulae
 Gain = S.P. – C.P. Gain % = Gain x 100/ C.P
 Loss = C.P. – S.P. Loss % = Loss x 100 / C.P.
 S.P. When gain % is given S.P. = x C. P.
 S.P. When loss % is given S.P. = x C.P.
 C.P. When gain % is given C.P. =
 C. P. When loss % is given C.P. =
discount
Discount refers to the condition of the price of
a bond that is lower than the marked price.
Discount is a kind of reduction or deduction
in the cost price of a product. It is mostly used
in consumer transactions, where people are
provided with discounts on various products.
The discount rate is given in percentage.

Discount % = x 100
What is sales tax ?
 It is a tax levied by the Government on the
items we buy. It is levied on the sale price of
the commodities. It is usually levied at a fixed
percentage of the selling price. However, this
percentage is different for different
commodities.
 Calculation of sales tax
Sales tax = x selling price
Total amount of the bill = Selling price + Sales tax
What is vat
 The letters VAT stand for Value Added
Tax. This is a tax added on to the price
of lots of the things that you can buy.
Most shops include VAT in their prices.
So the price you see on the label is the
total of what you pay.
 VAT= the taxable amount × applicable
VAT rate / 100
 Original Price = 100 x S. P. / 100 + VAT%
Compound interest
 Simple Interest = P x R x T / 100
P = Principal A = Amount
R = Rate SI = simple interest
T = Time CI = compound interest
 Compound interest is the addition of
interest to the principal sum of a loan or
deposit, or in other words, interest on
interest.
 CI = Amount – Principal
 A = P ( 1 + )T
Calculation of ci when the interest is
compounded annually but time is in a
fraction
For Example time = 3 years ,
then
Amount = P ( 1 + )3 x ( )
Calculate of ci for different units of
time
 If principal is P, rate is r% p.a., time = 1 year
 Case I :Unit of time is half year, then R will R/2
for half year and Time= 1 year = 2 half years
= 2 conversion periods.
 Case II: Unit of time is 1 quarter, then R will be
R/4%for 1 quarter and Time = 1 Year
= 4 quarters
= 4 conversion periods

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