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Grade 6 - Mathematics
8.9 Profit and Loss Word Problems - I
Answer the following qustions. Also write at least five examples of your own.
: By selling video game for $18, a store owner gains $2.70. What is the cost price of the video game?
: 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
19 7/8% loss
23 1/3% gain
25 1/4% gain
: 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)
: By selling a school-bag for $30, the seller loses $4. What is the cost price of the bag?
: 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)
: 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% loss
31 1/2% loss
21 3/4% profit
23 3/4% profit
: A vegetable vendor purchased 100 lbs of onions for $200 and sold them at $1.75 per lb. Did he make profit or loss?
: 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% gain
17 9/23% loss
35 3/4% loss
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