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8.015 Profit and loss

Worksheet
Profit and loss
1

Calculate the sale price of an item if:

a

The cost price was \$333 and the profit made was \$269.

b

The cost price was \$8822 and the loss on the sale was \$3221.

c

The cost price was \$210 and the profit made was \$293.

d

The cost price was \$7557 and the loss on the sale was \$1922.

e

The cost price was \$636.97 and the loss on the sale was \$478.92.

2

Calculate the profit (or loss) when:

a

The selling price is \$344 and the cost price is \$288.

b

The selling price is \$154 and the cost price is \$363.

c

The money received is \$5526 and expenses are \$2396.

d

The money received is \$3836 and expenses are \$5640.

e

The selling price is \$343 and the cost price is \$134.

f

The selling price is \$1697 and the cost price is \$2853.

g

The money received is \$470.78 and expenses are \$333.27.

h

The money received is \$4451.88 and expenses are \$4520.75.

3

Calculate the cost price when:

a

The selling price is \$357 and the profit is \$199.

b

The selling price is \$2983 and the loss is \$2386.

c

The selling price is \$258 and the profit is \$139.

d

The selling price is \$549.62 and the profit is \$525.67.

e

The selling price is \$2050 and the loss is \$1427.

4

Calculate the expenses when:

a

The money received is \$388 and the profit is \$192.

b

The money received is \$8567 and the loss is \$1798.

c
The money received is \$244 and the profit is \$235.
d

The money received is \$3915 and the loss is \$1848.

e

The money received is \$883.21 and the loss is \$410.79.

5

Calculate the total revenue if:

a

The expenses are \$322 and the profit is \$437.

b
The expenses are \$2973 and the loss is \$2052.
c

The expenses are \$241 and the profit is \$228.

d

The expenses are \$586.88 and the profit is \$635.01.

e

The expenses are \$3842 and the loss is \$3082.

6

Every item in store is sold at 8\% more than its cost. If a product was bought from the manufacturer for \$360, calculate:

a

The sale price.

b

The profit.

7

Every item in store is sold at 9\% more than its cost. If a product is sold for \$110, calculate:

a

The cost price.

b

The profit.

8

In its opening month, the local pizza store sold 161 large pizzas at \$15 each and 152 small pizzas at \$5 each. The store's expenses included electricity costs of \$29, water costs of \$20, rent of \$284, wages of \$1164 and ingredient costs of \$253. Calculate:

a

The total revenue.

b

The total expenses.

c

The profit (or loss) for the month.

9

A game retailer sells new games at a markup of 33\% above the cost price and old games at a markup of 18\%. Calculate the selling price of:

a

The new Super Zora 5 game which has a cost price of \$90.

b

The old Super Zora 3 game which has a cost price of \$31.

10

A manufacturer is selling its old factory machinery for \$34\,320, which represents a loss of 12\%. At what price did the manufacturer purchase the machinery?

11

Maria bought a car for \$5400 and sold it two years later, making a loss of 15\%. How much did she sell it for?

12

Amelia bought a truck for \$17\,300 and sold it four years later, making a loss of 25\%. How much did she sell it for?

13

James bought 2 pens for \$9.20 each. He then sold one of the pens for \$10.71 and the other for \$5.92.

a

What was the total cost of the two pens?

b

How much did he receive for the two pens?

c

Hence, find James's profit (or loss).

14

Buzz bought a cellphone for \$170 and sold it 7 months later, making a loss of 30\% on the purchase price. Find the selling price.

15

Calculate the percentage profit if an item is sold for:

a

3.5 times its cost price

b

1.5 times its cost price

16

A retailer purchased a refrigerator for \$270 and sold it for \$310. Calculate the profit as a percentage of the cost price, expressing your answer as a percentage correct to two decimal places.

17

James bought a chest of drawers for \$230 and sold it 2 years later for \$179. Calculate his loss as a percentage of the original price correct to two decimal places.

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Outcomes

MS11-5

models relevant financial situations using appropriate tools

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