Friday, June 25, 2021 - Profit & Loss Test + Homework

Section A- Calculating the Profit / Loss

1. The cost price of this PlayStation is $590. It is sold for $825. Calculate the profit.

2. Kyle buys these games for $176.95. He sells them for $220. What was his profit?

3. Calculate the loss when the cost price of an item is $569.08 and the selling price is $513.05.

4. A bed originally cost $895. It is sold years later for $905.65. What was the profit?

Section B - Calculating the Selling Price

5. Ronald buys a gaming system for $ 3680 and sells it to make a profit of $165. For how much does he sell it?

6. The cost price of this fridge is $4505. It is sold to make a loss of $695. What is the selling price?

7. One of these drinks costs $2.

a. If a case contains 17 drinks, how much would you pay for the case?

b. The case is resold for $45. Calculate the total profit.

8. The cost price of this desk is $1489. It is sold online to make a loss of $298. What is the selling price?

BONUS

*Hint: Check your book to see how to find a percentage of a number!

9. The cash price of my laptop was $500. I want to sell it to make a 10% profit of the cost price.

a. What would be the profit?

b. What would be the selling price?

10. A Samsung A51 originally costs $800. Kelly sells hers and makes a loss which is 10% of the cost price.

a. Calculate the loss.

b. Calculate the selling price.

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Homework

1-3.

5. What number is half of 60.98?

6. What number is twice 189.51?

7. In one week, a man earned $568.20. How much would he make after 4 weeks?

8. Kelly is saving to buy a new iPad. So far she has $982. She needs $129 more. What is the total cost of the iPad?

9. I have $650. Mummy adds 10% to this amount.

a. How much money did Mummy give me?

b. How much money do I have in all?

10. What is 20% of $5800?

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