Task2- Problem solving- Profit and loss
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by Jinto Sebastian
| 9 Questions
1
1
1. Jim bought a motor bike for \$800 and sold it for \$600.
Find his percentage loss.

25%
20%
50%
60%
2
1
2) Jim bought a motor bike for \$800. He wants to make a profit of 10%. What should be the selling price?

\$ 1000
\$ 1200
\$ 880
\$ 720
3
1
3)Jim sold a car for \$8000 with a profit of 10%. What would be the cost price?

\$ 7272
\$ 8800
\$ 7800
\$ 8200
4
1
4)Tom bought an old van. It costs him \$5000. What percentage profit would he make if he sold it again for \$ 5500?

10%
15%
20%
25%
5
1
5)Abraham bought a refrigerator for \$2500. What should be the selling price to make a profit of 20%?

\$ 2000
\$ 3000
\$ 2700
\$ 3200
6
1
6)What would be the cost price if Abraham sold a refrigerator for \$ 1800 with a loss of 10%?

\$ 1600
\$ 2200
\$ 2000
\$ 3600
7
1
7)Ian bought 200 shirts for \$2000. He sold 120 of them for \$32.50 each. He sold the remaining for \$35 each.
a. What is the percentage profit?
b. What would happen if he sold all shirts for \$30?
c. What would be the difference if he increases \$5 in both cases?

8
1
8)Ian bought a bag of 300 mangoes for \$225. When she sorted she found she had 90 top quality mangoes, 186 premium mangoes and rest were bad.
She sold the top-quality mangoes for \$1.10 and premium quality for 90 cents each. She threw away the bad ones.
What profit, if any, did she make? Write as percentage .
20%
81.4%
18.4%
27.5%
9
1
9)Ian bought 300 apples and 200 oranges for \$1200. He sold apples for \$1.5 and oranges for \$1. Was it profitable? Why? Could you help him to make it profitable by 10% next time by fixing the price?