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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: 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% profit
24 1/2% profit
13 1/23% loss

Q 2: A vegetable vendor purchased 100 lbs of onions for $200 and sold them at $1.75 per lb. Did he make profit or loss?
insufficient information
profit
broke even
loss

Q 3: 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
$36 loss
$28 loss

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

Q 5: 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
23 3/4% profit
21 3/4% profit

Q 6: 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
3 4/5% loss
4 4/9% loss
5 1/4% profit

Q 7: 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
$60 loss
$50 profit
$50 loss

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

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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