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### Grade 6 - Mathematics8.9 Profit and Loss Word Problems - I

 Directions: Answer the following qustions. Also write at least five examples of your own.
 Q 1: Micheal purchased a house for \$110,000 and spent another \$5,000 for upgrades. If he later sold the house for \$130,000, how much percentage profit or loss did he make?13 1/23% loss24 1/2% profit15 2/3% profit13 1/23% profit Q 2: A store owner purchased a gross of pencils for \$216 and sold each pencil for \$1.75. How much profit or loss did he make? (Hint : gross = 144)\$28 loss\$36 loss\$36 profit\$28 profit Q 3: By selling a school-bag for \$30, the seller loses \$4. What is the cost price of the bag?\$34\$36\$26\$43 Q 4: Kate purchased a bicycle for \$1150. After using it for a year, she sold it for \$950, what was her percentage gain or loss ?17 9/23% loss17 9/23% gain50% loss35 3/4% loss Q 5: Elizabeth purchased a home for \$75,000 and a home site for \$15,000. If she sold the home for \$83,000 and the site for \$11,000, how much percentage profit or loss did she make on both the transactions together?4 4/9% loss4 4/9% profit3 4/5% loss5 1/4% profit Q 6: A vegetable vendor purchased 100 lbs of onions for \$200 and sold them at \$1.75 per lb. Did he make profit or loss?lossbroke evenprofitinsufficient information Q 7: By selling video game for \$18, a store owner gains \$2.70. What is the cost price of the video game?\$15.30\$16.30\$20.70\$14.70 Q 8: A vendor bought 500 eggs at \$4 per 10 eggs. Of these, 50 eggs were found to be broken. If he sold the remaining eggs at \$0.55 per egg, how much did he gain or lose?23 3/4% loss23 3/4% profit21 3/4% profit31 1/2% loss Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!