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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: 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% Loss21.5% Profit21.05% Loss 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: 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% Profit3.56% Profit4.53% Loss3.56% Profit Q 4: 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\$95.6\$98.82\$93.82 Question 5: This question is available to subscribers only! Question 6: This question is available to subscribers only!