example
☼ Important Points On Simple Interest :
■ Principal ( or Sum or Capital ) : The money lent out or borrowed for a certain period is called the principal or the sum.
■ Interest :
(16) Successive discounts of 30% and 50% is equivalent to a single discount of how many per cent ?
Soln. Let M. P. = Rs. 100
…
(11) If the selling price of 16 articles is the same as the cost price of 12 articles, find loss percent.
Soln. More sell = 4 pencil. Instead of selling = 12 pencils
( for break–even point )
Instead of selling …
(6) A man sells two houses for Rs. 256358 each. On one he gains 15 % and on the other he loses 15 %. Find his gain or loss per cent on the whole transaction.
Soln. In such a problem selling price is immaterial. There is always a …
(1) Find gain or loss percent, when :
(i) C.P. = Rs. 12.00 and S.P. = Rs. 13.80.
(ii) C.P. = Rs. 8.00 and S.P. = Rs. 5.20
Soln. (i) Gain = RS. ( 13.80 – 12.00 ) = Rs.1.80…