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Maths I

Numbers and Money

1.

Mr and Mrs McKay bought three rugs for £30 and sold them for £18 each. How much profit did they make on them?

£12

£24

£54

2.

Paul owns a shop, and sells packets of cotton wool for £1.20 each. Paul buys a box containing 50 packets of cotton wool for £45. He sells 43 of these packets. What profit, if any, does he make?

£6.60

£15

£51.60

3.

Matthew tried to sell a new kind of kitchen cleaner in his shop. He bought a box of 20 bottles for £15. He sold them at 95p each, but only sold 2 bottles. He then reduced them and sold 6 bottles at 85p. Calculate the loss that the shop made on the kitchen cleaner.

£7

£8

£9

4.

A shop sells a magazine for £2.10 which the owner pays £2 for. Calculate the percentage profit that they make on the magazine.

1%

5%

10%

5.

Mr and Mrs Jones pay £80 for a picture and frame. They sell the frame for £60, but cannot sell the picture. Calculate the percentage loss that they make.

15%

20%

25%

6.

A man buys a car for £4000 and sells it for £4600. Calculate the percentage profit.

13%

87%

7.

A grocer buys bananas at 20p per pound but after the fruit are spoiled he has to sell them at only 17p per pound. Calculate the percentage loss.

18%

85%

8.

Before cooking, a joint of meat weighs 2.5 kg. After cooking, the same joint of meat weighs only 2.1 kg. Calculate the percentage decrease in the weight of the meat.

16%

19%

84%

9.

When cold an iron rod is 200cm long. After being heated, the length increases to 200.5cm. Calculate the percentage increase in the length of the rod.

0.249%

0.25%

99.8%

10.

A shopkeeper buys jumpers for £6.20 and sells them for £9.99. Calculate the percentage profit correct to 1 decimal place.

37.9%

61.1%

62.1%