Gain or Loss Percent Word Problems - Grade 8 - Mathematics - kwizNET Math/Science/English Homeschool/Afterschool/Tutoring Lessons/Worksheets/Quizzes/Trivia

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: 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% Profit 21.5% Loss 21.5% Profit 21.05% 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% Profit 5.93% Loss 5.5% Loss 5.93% 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% Profit 3.56% Profit 4.53% Loss 3.56% 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

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