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Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics2.2 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% Loss5.93% Loss5.93% Profit5.5% 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% Loss3.56% Profit4.53% Profit3.56% 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% Loss10% Loss10% Profit11% Profit Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!