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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 6 - Mathematics
8.9 Profit and Loss Word Problems - I


Directions: Answer the following qustions. Also write at least five examples of your own.
Q 1: 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% profit
21 3/4% profit
31 1/2% loss
23 3/4% loss

Q 2: 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% loss
23 1/3% gain
19 7/8% loss
25 1/4% gain

Q 3: A vegetable vendor purchased 100 lbs of onions for $200 and sold them at $1.75 per lb. Did he make profit or loss?
insufficient information
loss
profit
broke even

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 ?
35 3/4% loss
17 9/23% gain
17 9/23% loss
50% loss

Q 5: By selling video game for $18, a store owner gains $2.70. What is the cost price of the video game?
$15.30
$14.70
$16.30
$20.70

Q 6: 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

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Question 8: This question is available to subscribers only!


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