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Year 8 Maths — Profit and loss

Work out profit, loss and discount, and give a profit or loss as a percentage of the cost price.

Name: ________________________

  1. 1.A trader buys a bag for £800 and sells it at a profit of 25%. What is the selling price? Give just the number.

  2. 2.Profit per cent is always worked out as a percentage of...

    • a) the discount
    • b) the selling price
    • c) the cost price
    • d) the profit

  3. 3.A toy costs £450 and is sold at a profit of £90. What is the profit per cent? Give just the number.

  4. 4.A shopkeeper buys a fan for £1200 and sells it for £1000. What is the loss? Give just the number.

  5. 5.A watch marked at £2000 is sold with a discount of 15%. What is the selling price? Give just the number.

  6. 6.A cycle is bought for £4000 and sold for £3600. What is the loss per cent? Give just the number.

  7. 7.A shirt is sold for £540 at a loss of 10%. What was the cost price? Give just the number.

  8. 8.Sort each sale by whether it made a profit or a loss.

    Groups: Profit · Loss

    • Bought for £1000, sold for £950
    • Bought for £200, sold for £250
    • Bought for £500, sold for £450
    • Bought for £75, sold for £60
    • Bought for £40, sold for £44
    • Bought for £90, sold for £120

Answer key — Year 8 Maths — Profit and loss

  1. 1. 1000
  2. 2. c) the cost price
  3. 3. 20
  4. 4. 200
  5. 5. 1700
  6. 6. 10
  7. 7. 600
  8. 8. Bought for £200, sold for £250 → Profit; Bought for £500, sold for £450 → Loss; Bought for £90, sold for £120 → Profit; Bought for £1000, sold for £950 → Loss; Bought for £75, sold for £60 → Loss; Bought for £40, sold for £44 → Profit