Q 1: 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?
25 1/4% gain
19 7/8% loss
23 1/3% gain
23 1/3% loss
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Q 2: 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% profit
13 1/23% loss
24 1/2% profit
15 2/3% profit
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Q 3: 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% loss
4 4/9% profit
5 1/4% profit
3 4/5% loss
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Q 4: By selling video game for $18, a store owner gains $2.70. What is the cost price of the video game?
$16.30
$14.70
$20.70
$15.30
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Q 5: By selling a school-bag for $30, the seller loses $4. What is the cost price of the bag?
$36
$26
$43
$34
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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)
$60 profit
$50 loss
$50 profit
$60 loss
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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?
31 1/2% loss
21 3/4% profit
23 3/4% loss
23 3/4% profit
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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?
profit
broke even
insufficient information
loss
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