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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: 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?21 3/4% profit31 1/2% loss23 3/4% profit23 3/4% loss Q 2: By selling a school-bag for \$30, the seller loses \$4. What is the cost price of the bag?\$34\$26\$36\$43 Q 3: 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?19 7/8% loss23 1/3% loss23 1/3% gain25 1/4% gain Q 4: 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)\$36 profit\$28 profit\$36 loss\$28 loss Q 5: 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)\$60 loss\$60 profit\$50 loss\$50 profit Q 6: 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% profit15 2/3% profit13 1/23% loss24 1/2% profit Q 7: 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% loss5 1/4% profit3 4/5% loss4 4/9% profit 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?broke eveninsufficient informationprofitloss Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!