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### Grade 6 - Mathematics8.10 Profit and Loss Word Problems - II

 Directions: Answer the following qustions. Also write at least five examples of your own.
 Q 1: Jack purchased a refrigerator for \$8,000. Due to transfer to a far-off place, he had to sell it for a loss of 15%. What was his selling price?\$6,236\$6,800\$6,500\$6,375 Q 2: A business man sold two luxury cars each for \$99,000. He made profit of 10% on one and a loss of 10% on the other. Find his overall loss or gain percent?1.5% loss0% profit1% loss1% gain Q 3: A fruit vendor purchased four branches of bananas consisting of 540 fruits in all for \$168.75. He sold 15 dozens at 2 bananas a dollar, another 15 dozens at 3 bananas a dollar and the remaining at 5 bananas a dollar. Find his loss or gain percentage.13 1/4% loss10 2/9% loss13 1/4% profit10 2/9% profit Q 4: A trader purchased 5000 coconuts, at \$110 per 100 coconuts. 10% of the coconuts were damaged during transportation. He spent \$575 for the transportation. If he gained 40% profit, at what price did he sell them?\$3.15 each\$1.50 each\$1.89 each\$2.00 each Q 5: A rice merchant purchased 50 bags of rice at \$300 per bag. He spent \$500 towards transportation. Due to lack of demand for rice, he incurred a loss of 30%. At what price did he sell each bag of rice?\$317\$295\$217\$238 Q 6: Peter purchased a cow for \$2,250. If he wants to gain 25%, what should be his selling price?\$2,585.50\$2,875.25\$2,812.50\$3000.00 Q 7: Bobby purchased pens at the rate of \$42 per dozen. If he earned a profit of 14 2/7% by selling them on eBay. What was his selling price per dozen?\$46\$52\$48\$50 Q 8: A mechanic purchased two motor bikes for \$7,500 and \$6,000 respectively. He sold the first one for a profit of 15% and the second bike for a loss of 20%. How much did he lose or gain on both the transactions together?\$75 loss\$75 profit\$60 loss\$80 profit Question 9: This question is available to subscribers only! Question 10: This question is available to subscribers only!