Gain or Loss Percent Word Problems - Grade 8 - Mathematics - kwizNET Math/Science/English Homeschool/Afterschool/Tutoring Lessons/Worksheets/Quizzes/Trivia

Grade 8 - Mathematics 2.2 Gain or Loss Percent Word Problems

Directions: Solve the following problems. Also write at least 5 examples of your own.

Q 1: George bought a house for $70,500 and a site for $16,500. He sold the house at a gain of 12% and the site at a loss of 20%. Find his gain or loss percent on the whole. 5.5% Loss 5.93% Loss 5.93% Profit 5.5% Profit

Q 2: The cost of a motor bike is decreases every year by 20% to its previous value. Find its original cost if after three years its value is $19,200. 35,200 $26,500 $37,500 $28,200

Q 3: Matt purchased a book for $96 and sold it to Jacob at a profit of 8 1/3%. If Jacob sold it at loss of 5%, what is Jacob's selling price? $93.82 $96.56 $98.82 $95.6

Q 4: By selling note books at the rate of $6 each a trader gained 20%. Find the cost of 100 note books. $450 $530 $500 $400

Q 5: A mechanic sells two bikes each at $10,976 gains 12% on the first and loses 2% on the second. Find his gain or loss percent on the whole. 4.53% Loss 3.56% Profit 4.53% Profit 3.56% Profit

Q 6: Harry purchased some fruits and sold 1/2 of them at gain of 60% and 1/4 of them at a gain of 20%, the rest are spoiled. Find his gain or loss percent on the whole. 11% Loss 10% Loss 10% Profit 11% Profit

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Question 8: This question is available to subscribers only!