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Support Material - Grade 7 Comparing Quantities

This document provides information on comparing quantities, percentages, and simple interest for 7th grade students. It defines key terms like selling price, cost price, profit, loss, and interest rate. It presents methods for converting fractions to percentages and vice versa. Examples are provided for calculating percentage increase or decrease, finding the cost of multiple units, and determining simple interest over time. The document concludes with a short worksheet involving these concepts.

Uploaded by

alnoorb524
Copyright
© © All Rights Reserved
27 views

Support Material - Grade 7 Comparing Quantities

This document provides information on comparing quantities, percentages, and simple interest for 7th grade students. It defines key terms like selling price, cost price, profit, loss, and interest rate. It presents methods for converting fractions to percentages and vice versa. Examples are provided for calculating percentage increase or decrease, finding the cost of multiple units, and determining simple interest over time. The document concludes with a short worksheet involving these concepts.

Uploaded by

alnoorb524
Copyright
© © All Rights Reserved
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COMPARING QUANTITIES – GRADE 7

Extra Support material


Completion date: 23rd December

Prices related to an item

• Prices related to an item are: (i) Selling price


(ii) Cost price
• Selling price (SP) is the price at which a product is sold out.
• Cost price (CP) is the buying price of an item.
• If SP > CP , then it is profit.
• Profit = Selling price – Cost price
• If CP > SP , then it is loss.
• Loss = Cost price – Selling price
• If SP = CP , then it is neither profit nor loss.

Finding the profit or loss percentage

Percentages

• Percentages are ratios expressed as a fraction of 100.


• Percentages are represented by the symbol ‘%’.
• Example

o Change a fraction into a percentage, there are two methods.


First see if it is possible to write an equivalent fraction with a denominator of 100; then
the numerator will be the percentage.

Remember the facts

Eg. 1. 5 x 20 = 100
2. 4 x 25 = 100
3. 10 x 10 = 100
4. 2 x 50 = 100

A second method is to multiply the given fraction by 100%


3 300 1
e.g x 100 % = % = 372% (simplify)
8 8
1
x 100 % = 25 %
4

Or Multiply the decimal by 100%. Shift the decimal by TWO places RIGHT.

e.g 0.23 x 100% = 23 %

0.041 x 100% = 4.1 %

Converting Percentages to fractions/Decimals

25 1
i) 25% =100 =4 = 0.25
5 1
ii) 5% = 100 = = 0.05
20
60 3
iii) 60% =100 =5 = 0.6

How to find percentage of whole?


Unitary Method

The method in which first we find the value of one unit and then the value of required number of
units is known as Unitary Method.

• Example: Cost of two shirts in a shop is Rs.200. What will be the cost of 5 shirts in
the shop?
Solution : Cost of 2 shirts = Rs.200

⇒Cost of 1 shirt =

Finding the percentage increase or decrease

Percent of Change | Percent Increase and Decrease | Math with Mr. J - YouTube
• Example: Price of a book was changed from ₹20 to ₹25 in a week. Calculate the percentage
increased.
Solution: Change in price = ₹25 – ₹20 = ₹5

Simple Interest

Sum / principal (P)

• 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 (SI)

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

Amount(A)

• A borrower should return the principal amount (he/she has borrowed) and the interest to
the lender. This money is called amount.
⇒ Amount (A)= Principal(P) + Interest(SI)

Simple Interest: Simple Interest | Part 1/3 | English | Class 7 - YouTube

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

• 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%; T = 3 yrs

Worksheet

1. Find the ratio of 3 km to 300 m.


2. The car that I own can go 150 km with 25 litres of petrol. How far can it go with 30
litres of petrol?
3. 75% of 20 students are good in Hindi, how many are not good in Hindi?
4. Raghu bought an almirah for ₹ 6000 and sold it for ₹ 7000. Find his gain or loss
percent.
5. A school team won 6 games this year against 4 games won last year. What is the
per cent increase?
(a) 75%
(b) 50%
(c) 60%
(d) none of these
6. Find the simple interest on ₹ 2000 for 2 years at 5% per annum.

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