Practice the questions given in the worksheet on calculating profit or loss percent. We know, both the profit percent and loss percent are always calculated on the cost price.
1. Find the gain percent or loss percent in the following cases:
(i) C.P. = $50 and gain = $6
(ii) C.P. = $2 and loss = 50 cents
(iii) C.P. = $200 and S.P. = $224
(iv) C.P. = $450 and S.P. = $400
(v) C.P. = $550 and gain = $22
(vi) C.P. = $1000 and S.P. = $1200
(vii) S.P. = $10 and loss = $2
(viii) S.P. = $120 and gain = $20
(ix) C.P. = $216 and loss = $72
(x) S.P. = $500 and loss = $100
(xi) S.P. = $12 and profit = $4
(xii) C.P. = $5 and gain = 60 cents
(xiii) C.P. = $100 and S.P. = $90
2. Jack bought a camera for $1500 and sold it for $1800. Calculate his gain or loss percent.
3. Jack bought a house for $20000 and was forced to sell it for $18000. Express his loss percent?
4. Apples are bought at 5 for $10 and sold at 6 for $15. Find profit or loss as percent.
5. A man buys a transistor for $250 and sells it, gaining $25. Find his gain percent.
6. A florist bought 240 roses at $9 per dozen. If he sold all of them at $1 each, what profit did he make? Also, what is his profit percent?
7. A man bought 120 cookies at 20¢ each. In his house, 18 cookies were consumed and he sold the remaining at 30¢ each. Find his profit or loss as percent.
8. At the rate of $10 per dozen, 12 dozen eggs are bought. Two dozen eggs were broken. The rest were sold at $15 per dozen. What was the gain or loss percent?
9. John bought a car for $25000. He spent $3000 on repairs and $500 on other things. He sold the car for $40000. Find his gain percent.
10. A certain number of articles are bought at 3 for $150 and all of them are sold at 4 for $180. Find the loss or gain as percent.
Answers for the worksheet on calculating profit or loss percent are given below to check the exact answers of the above questions where the cost price and selling price is given.
Answers:
1. (i) 12% gain
(ii) 25% loss
(iii) 12% gain
(iv) loss = 11 1/9%
(v) 4% gain
(vi) 20% gain
(vii) 16 2/3% loss
(viii) 20% gain
(ix) 33 1/3% loss
(x) loss = 16 2/3%
(xi) profit = 50%
(xii) gain = 12%
(xiii) 10% loss
2. gain = 20%
3. 10%
4. profit = 25%
5. 10%
6. $60; 33 1/3%
7. profit = 27.5%
8. 25% gain
9. 40 20/57%
10. loss = 10%
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