Grade 8 - Mathematics 2.2 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% Profit 2% Profit 2% Loss 1% 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% Loss 21.05% Profit 21.5% Loss 21.5% 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% Profit 4.53% Loss 4.53% Profit 3.56% 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

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Question 8: This question is available to subscribers only!