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Questions Per Quiz = 2 4 6 8 10

Grade 6 - Mathematics8.9 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% profit13 1/23% profit24 1/2% profit13 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 informationprofitbroke evenloss 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% loss25 1/4% gain23 1/3% gain19 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% loss31 1/2% loss23 3/4% profit21 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% profit3 4/5% loss4 4/9% loss5 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% loss17 9/23% gain17 9/23% loss35 3/4% loss Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!