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    7 Comparing Quantities Notes

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    Neha Jain
    The document discusses several key concepts in mathematics: Ratios are used to compare two quantities that have the same units. Equivalent ratios can be found by multiplying or dividing the numerator and denominator by the same number. Terms related to buying and selling include: cost price (buying price), selling price, profit (selling price minus cost price), and loss (cost price minus selling price). Percentage increase or decrease is calculated as the sum divided by the principal. Simple interest is calculated as principal times rate times time, and the amount owed includes both the principal and interest.

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    7 Comparing Quantities Notes

    Uploaded by

    Neha Jain
    14 views3 pages
    The document discusses several key concepts in mathematics: Ratios are used to compare two quantities that have the same units. Equivalent ratios can be found by multiplying or dividing the numerator and denominator by the same number. Terms related to buying and selling include: cost price (buying price), selling price, profit (selling price minus cost price), and loss (cost price minus selling price). Percentage increase or decrease is calculated as the sum divided by the principal. Simple interest is calculated as principal times rate times time, and the amount owed includes both the principal and interest.

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    The document discusses several key concepts in mathematics: Ratios are used to compare two quantities that have the same units. Equivalent ratios can be found by multiplying or dividing the numerator and denominator by the same number. Terms related to buying and selling include: cost price (buying price), selling price, profit (selling price minus cost price), and loss (cost price minus selling price). Percentage increase or decrease is calculated as the sum divided by the principal. Simple interest is calculated as principal times rate times time, and the amount owed includes both the principal and interest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views3 pages

    7 Comparing Quantities Notes

    Uploaded by

    Neha Jain
    The document discusses several key concepts in mathematics: Ratios are used to compare two quantities that have the same units. Equivalent ratios can be found by multiplying or dividing the numerator and denominator by the same number. Terms related to buying and selling include: cost price (buying price), selling price, profit (selling price minus cost price), and loss (cost price minus selling price). Percentage increase or decrease is calculated as the sum divided by the principal. Simple interest is calculated as principal times rate times time, and the amount owed includes both the principal and interest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    ATHENA GLOBAL SCHOOL

    GRADE VII MATHS

    LN 8 COMPARING QUANTITIES

    C.W NOTES

    Ratios

    The ratio is used to compare two quantities. These quantities must have the same units.

    The ratio is represented by “:”, which is read as “to”. We can write it in the form of “fraction”.

    Equivalent Ratios

    The equivalent ratio is like the equivalent fractions.

    To find the equivalent ratio,

    we need to write it in the form of a fraction.

    we need to multiply or divide the numerator and denominator with the same number.

    Example

    Find the two equivalent ratios of 5: 20.

    Solution

    First multiply it by 2.

    So the two equivalent ratios are 10:40 and 1: 4.

    NOTE:

    To compare that the two ratios are equivalent or not we need to convert them in the form of like
    a fraction.
    Terms Related to Buying and Selling
    Cost Price (CP)
    The buying price of an item is known as its cost price .

    Selling Price ( SP)


    The price at which we sell an item is known as the selling price .

    Profit or Loss: We can decide whether the sale was profitable or not by depending on the CP and SP.

    If CP < SP then we have gained some amount, that is, we made a profit, profit = SP – CP
    If CP = SP then we are in a no profit no loss situation
    If CP > SP then we have lost some amount, Loss = CP – SP.

    PROFIT LOSS
    Profit = SP – CP Loss = CP – SP

    SP = CP + Profit SP = CP- Loss


    C.p = S.P - Profit C.p = S.P + Loss

    S.P = C.P ( ) S.P = C.P ( )

    C.P = C.P =

    Finding the Increase or Decrease Percent

    Percentage increase (or decrease) =

    Sum / principal

     The money which has been borrowed is called sum or principal.


     This money can be used by the borrower for a particular time period before returning to the
    lender.
     Example: Loan that you take from a bank is the principal.

    Interest

     Interest is the extra payment that a borrower should pay to the lender along with the principal.

    Amount

     A borrower should return the principal amount (he/she has borrowed) and the interest to the
    lender. This money is called amount.

    ⇒ Amount = Principal + Interest.
    Simple Interest

     Simple interest(SI) is the interest charged on a borrowed money where the principal amount
    will be fixed for a particular time period.

    Simple Interest =

    P = Principal Amount, R = Interest rate


    N = Number of years

     Example: Calculate the simple interest for 3 years when the principal amount is 200 and
    interest rate is 10% for 1 year.
    Solution: Given: P = 200; R = 10%; N = 3 yrs
    Simple Interest =

    = 200×10×3

    =60

    Amount = P + SI

    = Rs. (200 + 60)

    = Rs. 260

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