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

25%
20%
50%
60%
2
1 pt
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 pt
3)Jim sold a car for $8000 with a profit of 10%. What would be the cost price?


$ 7272
$ 8800
$ 7800
$ 8200
4
1 pt
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 pt
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 pt
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 pt
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 pt
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 pt
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?
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