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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: 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
$15.30
$20.70

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

Q 3: 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 profit
$50 loss
$60 loss

 Q 4: By selling a school-bag for $30, the seller loses $4. What is the cost price of the bag?
$26
$43
$36
$34

Q 5: 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 6: 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

Q 7: A vegetable vendor purchased 100 lbs of onions for $200 and sold them at $1.75 per lb. Did he make profit or loss?
loss
broke even
insufficient information
profit

 Q 8: 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% loss
17 9/23% gain
17 9/23% loss
35 3/4% loss

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 Question 10: This question is available to subscribers only!


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