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: 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. $26,500 $37,500 35,200 $28,200

Q 2: By selling note books at the rate of $6 each a trader gained 20%. Find the cost of 100 note books. $530 $450 $400 $500

Q 3: 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. 2% Loss 2% Profit 1% Loss 1% Profit

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% Profit 21.05% Loss 21.5% Profit 21.5% Loss

Q 5: 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

Q 6: 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% Loss 5.93% Loss 5.5% Profit 5.93% Profit

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Question 8: This question is available to subscribers only!