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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

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: 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?

Q 2: 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.
21.5% Loss
21.05% Loss
21.05% Profit
21.5% Profit

Q 3: 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.

Q 4: 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.
10% Loss
11% Loss
10% Profit
11% Profit

Q 5: By selling note books at the rate of $6 each a trader gained 20%. Find the cost of 100 note books.

Q 6: 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.
3.56% Profit
4.53% Loss
4.53% Profit
3.56% Profit

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