Worksheet on Profit or Loss Percent

Practice the questions given in the worksheet on profit or loss percent.

We know, the formula to calculate profit% and loss%;

profit% = (profit/cost price) × 100%

loss% = (loss/cost price) × 100%

1. Ron bought a cycle for $375 and sold it at a loss of 12%. How much did I lose?

2. The cost price of an article is $1200 and selling price is 5/4 times of his cost price. Find profit or loss as percent.

3. Find the cost price of an article which is sold for $1080 at the gain of $180. Also, find the gain as percent.

4. The selling price of an article is $1200 and cost price is 5/4 times of his selling price. Find profit or loss as percent

5. By selling two each for $600 each; a shopkeeper gains 20 percent on one watch and loses 20 percent on the other. Find profit or loss percent on the whole.

6. Find the cost-price of an article which is sold for $1350 at a loss of $150. Also, express the loss as percent.

7. An article is bought for $750 and is sold at a gain of 20%. How much more will be gained, if the article is sold at a gain of 30%?

8. An article bought for $620 is sold for $780. Second article bought for $575 is sold for $437 and the third article bought for $805 is sold for $883. Find the profit or the loss as percent on the whole.

9. By selling an article for $825, a person loses equal to 1/3 of its selling price. Find the profit percent or the loss percent made; if the same article is sold for $1265.

Answers for the worksheet on profit or loss percent are given below to check the exact answers of the above questions to calculate the profit percent and loss percent.

Answers:

1. $45

2. profit = 25%

3. $900; 20%

4. loss = 20%

5. loss = 4%

6. $1500; 10% loss

7. $75

8. 5% profit

9. profit = 15%

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