Unit 8 Lesson 5: Exercise 1

1) A fruit shop owner buys 4 cartons of peaches for $15.70. The peaches are sold to the public at a price of $4.90 per carton. Calculate:a) The total profit. b) The percentage profit.

2) A retailer buys a carton of 24 tennis balls for $9.80 and sells each ball for 70cents. Calculate the percentage profit.

3) An article was sold for $270 at a profit of 35%. Find the cost price.

4) A trader buys 256 articles at a cost of £ 3.60 per article. He fixes the selling price so that, if only 120 articles are sold, he will make a profit of 30% on his total cost. Calculate;

a) Selling price of one article.

5) A merchant pays $19.20 for a case of 80 apples. If he allows for 10% wastage and sells the remainder at 3 for a dollar, what is his percentage gain or loss?

6) A woman bought 130kg of tomatoes for $520 and sold half of them at a profit of 30% per kg. The rest of the tomatoes began to go bad. She then reduced the selling price per kg by 12%.Calculate the new selling price per kg.

7) A box of chocolate costs $7.42. If I buy 20 boxes of chocolate and make a loss percent of 15%.

Find the selling price.

Find the loss.

8) The cost of producing a wireless set was $240. The manufacturer sold it to a wholesaler at a profit of 20%. The wholesaler sold it to a retailer at a profit of 25%. Find the selling price.

9) Selina bought 50 dolls for her small shop. She bought each doll for £1.20 but sold them for £2.15 each. Find the percentage profit she made on the sale of her dolls.

10) A man bought n articles for x dollars he sold p of them for (x+2) dollars each and the remainder for (x+1) dollars each.

Find his profit in terms of p and n.

If n = 800, p = 640 and x = 50, express his profit as a percentage of the cost.