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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: 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% Loss
5.5% Profit
5.93% Profit
5.5% 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% Profit
4.53% Loss
3.56% Profit
3.56% 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% Profit
2% Profit
1% Loss
2% 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

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Question 8: This question is available to subscribers only!


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