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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.

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

 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% Profit1% Loss2% Loss2% Profit 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.5.5% Profit5.93% Loss5.5% Loss5.93% Profit Q 3: 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.21.5% Loss21.05% Profit21.05% Loss21.5% Profit Q 4: By selling note books at the rate of \$6 each a trader gained 20%. Find the cost of 100 note books.\$450\$530\$400\$500 Q 5: 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.\$37,50035,200\$26,500\$28,200 Q 6: Harry purchased some fruits and sold 1/2 of them at gain of 60% and 1/4 of them at a gain of 20%, the rest are spoiled. Find his gain or loss percent on the whole.10% Profit11% Profit11% Loss10% Loss Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!