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### Grade 8 - Mathematics2.2 Gain or Loss Percent Word Problems

 Directions: Solve the following problems. Also write at least 5 examples of your own.
 Q 1: Matt sells two cars at \$1188 each and gains 10% on the first and loses 10% on the second. Find his profit or loss percent on the whole.1% Profit2% Profit2% Loss1% Loss Q 2: John gains 20% by selling 25 bikes at a rate of \$1,200 each, if the company reduces the price of bike by \$50. Find his gain or loss percent.21.05% Loss21.05% Profit21.5% Loss21.5% Profit Q 3: Matt purchased a book for \$96 and sold it to Jacob at a profit of 8 1/3%. If Jacob sold it at loss of 5%, what is Jacob's selling price?\$96.56\$98.82\$95.6\$93.82 Q 4: By selling note books at the rate of \$6 each a trader gained 20%. Find the cost of 100 note books.\$400\$500\$450\$530 Q 5: A mechanic sells two bikes each at \$10,976 gains 12% on the first and loses 2% on the second. Find his gain or loss percent on the whole.3.56% Profit4.53% Loss4.53% Profit3.56% Profit Q 6: The cost of a motor bike is decreases every year by 20% to its previous value. Find its original cost if after three years its value is \$19,200.35,200\$28,200\$37,500\$26,500 Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!