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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: 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% Loss4.53% Profit3.56% Profit3.56% Profit Q 2: By selling note books at the rate of \$6 each a trader gained 20%. Find the cost of 100 note books.\$400\$530\$450\$500 Q 3: 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% Profit5.93% Loss5.5% Loss Q 4: 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% Profit21.5% Loss21.05% Loss21.5% Profit 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.\$37,500\$28,200\$26,50035,200 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.11% Loss10% Profit10% Loss11% Profit Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!