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.

Solution

Problem 2 :

Jon bought a car for $5000 and then sold it for $6250.

Solution

Problem 3 :

Jodie bought a bicycle for $200 and then sold it for $315.

Solution

Problem 4 :

Hilda sold for $816 a refrigerator which cost her $680.

Solution

Problem 5 :

Frank sold for $422.50 a kitchen sink which cost him $325.

Solution

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.

Solution

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.

Solution

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.

Solution

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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