FINDING PROFIT OR LOSS PERCENTAGE WORKSHEET
For each of the following transactions, find :
(i) The profit or loss
(ii) the percentage profit or loss.
Problem 1 :
I bought a CD set for $50 and then sold it for $30.
Problem 2 :
Jon bought a car for $5000 and then sold it for $6250.
Problem 3 :
Jodie bought a bicycle for $200 and then sold it for $315.
Problem 4 :
Hilda sold for $816 a refrigerator which cost her $680.
Problem 5 :
Frank sold for $422.50 a kitchen sink which cost him $325.
Problem 6 :
A second hand car dealer purchased a motor vehicle for $22500. It was sold one week later for $27000. Find the profit made on the sale of the car, then express this profit as a percentage of the cost price.
Problem 7 :
A retailer buys forty pairs of running shoes for a total price of $3400. He then sells the shoes for $123.25 per pair. Calculate the total profit and express this profit as a percentage of the cost price.
Problem 8 :
A newsagent buys 120 magazines for $1.20 each. If only 72 of the magazines are sold for $1.95 each, determine whether the newsagent made a profit or a loss. Express the profit or loss as a percentage of the cost price.
Answers :
(1) Loss % = 40%
(2) Profit % = 25%
(3) Profit % = 57.5%
(4) Loss % = 16.6%
(5) Profit % = 30%
(6) profit % = 20%.
(7) Profit = 45%
(8) Loss % = = 2.5%
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