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?
31 1/2% loss
23 3/4% loss
23 3/4% profit
21 3/4% profit
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Q 2: 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% profit
5 1/4% profit
3 4/5% loss
4 4/9% loss
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Q 3: By selling video game for $18, a store owner gains $2.70. What is the cost price of the video game?
$20.70
$14.70
$15.30
$16.30
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Q 4: By selling a school-bag for $30, the seller loses $4. What is the cost price of the bag?
$34
$26
$36
$43
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Q 5: 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
35 3/4% loss
17 9/23% loss
50% loss
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Q 6: 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
$28 loss
$36 loss
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Q 7: 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?
15 2/3% profit
13 1/23% loss
13 1/23% profit
24 1/2% 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?
loss
profit
broke even
insufficient information
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