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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: 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 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 profit\$28 loss\$36 profit\$36 loss Q 3: Kate purchased a bicycle for \$1150. After using it for a year, she sold it for \$950, what was her percentage gain or loss ?50% loss17 9/23% gain17 9/23% loss35 3/4% loss Q 4: A store owner purchased a ream of paper for \$50 and sold it in retail at \$5.50 per quire. How much profit or loss did she make? (Hint: one ream = 20 quire)\$50 loss\$50 profit\$60 profit\$60 loss Q 5: By selling video game for \$18, a store owner gains \$2.70. What is the cost price of the video game?\$16.30\$20.70\$14.70\$15.30 Q 6: Harry purchased a computer for \$1500 and after using it for a year, he sold it for \$1150. What is his percentage of loss or gain?23 1/3% loss23 1/3% gain25 1/4% gain19 7/8% loss Q 7: 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% profit23 3/4% loss21 3/4% profit31 1/2% loss Q 8: A vegetable vendor purchased 100 lbs of onions for \$200 and sold them at \$1.75 per lb. Did he make profit or loss?profitlossbroke eveninsufficient information Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!

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