Task2- Problem solving- Profit and loss

by Jinto Sebastian

| 9 Questions1

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?

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