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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: 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\$37,50035,200\$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% Loss2% Profit1% Loss1% 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% Profit21.05% Loss21.5% Profit21.5% 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% Loss5.93% Loss5.5% Profit5.93% Profit Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!

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