NCERT Solutions Class 7 Maths Chapter 8 Exercise 8.3 Comparing Quantities
Percentage is often used in calculating profit and loss while performing financial calculations. The questions in the exercise of the NCERT solutions for Class 7 maths chapter 8 exercise 8.3 teach the students how to make use of the concept of percentages in trade. Some basic knowledge of doing trade-related calculations is required in order to solve the questions, which help make use of the percentage to quantify the increase or decrease in quantities and vice versa. The NCERT solutions Class 7 maths chapter 8 exercise 8.3 questions involve mentioning the percentage increase or decrease, and the students need to calculate the absolute value of the quantity. Also, there are questions that give the relative ratio of different substances in the mix, and the students are required to calculate the respective quantities of the different substances in the mix.
The students will learn some important formulas like selling price is equal to cost price plus or minus the profit or loss respectively. At the end of the exercise are questions that are related to calculating the time value of money. Given are the rate of interest and the principal amounts, and students are required to calculate the future value of this amount. The questions in the pdf form of the Class 7 maths NCERT solutions chapter 8 exercise 8.3 can be found below:
☛ Download NCERT Solutions Class 7 Maths Chapter 8 Exercise 8.3
Exercise 8.3 Class 7 Chapter 8
More Exercises in Class 7 Maths Chapter 8
NCERT Solutions Class 7 Maths Chapter 8 Exercise 8.3 Tips
The students should understand the concept and the difference between the terms of the selling price, cost price, marked price, and the theory of profit and loss as these are the common terms that one will come across almost every day in their lives. Along with these, the concept of simple interest also is of utmost importance, and the students can easily master these topics by following the examples given in the NCERT solutions Class 7 maths chapter 8 exercise 8.3.
The students must ensure that they practice the examples in their notebooks on their own, as this will help them identify their mistakes and also throw light on what major concepts or logic they have missed upon. For corrections, they can again refer to the examples. This will give them enough time to master the topics and approach the exercise problems in the NCERT solutions Class 7 maths chapter 8 exercise 8.3 without any worries.
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