  Grade 8 - Profit-Loss-and-Discounts

Choose correct answer(s) from given choice

1)Due to 10% discount offered by a shop, price of a shirt reduces by $480. Find the original price of shirt.  a.$ 5760 b. $3840 c.$ 5280 d. $4800 2)If 2000 tube-lights are bought at the rate of$ 40 each, and 1600 are sold at rate of 50 each. Find the overall profit/loss.
 a. No profit and no loss b. 5% loss c. 10% profit d. 10% loss
3)Ronald purchased 300 CDs for his shop at $12 each. During transportation 60 CDs got damaged, and he sold remaining CDs at price of$ 15 each. Find overall profit/loss in %.
 a. 10% loss b. 5% loss c. No profit and no loss d. 10% profit
4)A shopkeeper mixes two variants of sugars in ratio 2:3. The first variety costs 50 per kg, while other costs 40 per kg. If the mixed sugar is sold at price of 52.8 per kg. Find the profit/loss incurred by shopkeeper.
 a. 15% profit b. 15% loss c. 20% profit d. 20% loss
5)William sells his two cycless at the rate of $4 hundreds each. On one cycles he gains 6% while on other cycles he incurs a loss of 6%. Find his total loss/gain in whole transaction.  a. No profit and no loss b. 0.36% profit c. 0.36% loss d. 3.6% profit 6)A shopkeeper sells two quality of wheat at rate of$ 42 per kg. and $44 per kg, gaining 20% and 10% profit respectively. If he mixes the two variants in the ratio 2:3 and sells the mixture at$ 43.7 per kg., what is his gain or loss?
 a. 15% loss b. 20% loss c. 20% profit d. 15% profit

Fill in the blanks

 7) A shopkeeper provides two successive discount of 25% and 20% on selling an article. If the selling price is $360, the marked price of the article =$ .
 8) A shopkeeper sold a bat at a loss of 22%. Had he sold it for $208 more, he would have gained 30%. The cost price of bat is$ .
 9) A shopkeeper buys 10 sofas for $150000. If he sells them for a profit of 20%, the selling price of one sofa =$ .
 10) A shopkeeper gives 20% discount on all items. If discounted price of a bed is $12000, the original price of bed =$ .