Name: ___________________Date:___________________

 Email us to get an instant 20% discount on highly effective K-12 Math & English kwizNET Programs!

### 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: By selling note books at the rate of \$6 each a trader gained 20%. Find the cost of 100 note books.\$400\$500\$530\$450 Q 2: George bought a house for \$70,500 and a site for \$16,500. He sold the house at a gain of 12% and the site at a loss of 20%. Find his gain or loss percent on the whole.5.93% Loss5.5% Profit5.93% Profit5.5% Loss Q 3: 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\$26,500\$37,500\$28,200 Q 4: 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.4.53% Profit4.53% Loss3.56% Profit3.56% Profit Q 5: 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% Profit1% Loss2% Loss Q 6: 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\$93.82\$95.6\$98.82 Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!