Profit and Loss Problems

1. Sarah bought a skateboard for $85 and sold it for $110.

a) Did she make a profit or a loss? _________________________

b) How much was it? _________________________

2. Tom purchased a cricket bat for $125 but only sold it for $95.

a) Did he make a profit or a loss? _________________________

b) How much was it? _________________________

3. A bike shop bought 5 helmets for $40 each and sold them all for $55 each.

a) What was the total cost price? _________________________

b) What was the total selling price? _________________________

c) What was the total profit? _________________________

4. Emma bought a second-hand laptop for $320 and sold it for $280.

a) Calculate her loss. _________________________

5. A bookshop bought 8 books for $12 each. They sold 6 books for $18 each and 2 books for $10 each.

a) What was the total cost price? _________________________

b) What was the total selling price? _________________________

c) Did the shop make a profit or loss? _________________________

d) How much? _________________________

6. James bought a guitar for $450. He wants to make a profit of $120.

a) What price should he sell it for? _________________________

7. A fruit shop bought 20 kg of apples for $3 per kg. They sold all the apples for $4.50 per kg.

a) What was the total cost? _________________________

b) What was the total amount received from sales? _________________________

c) What was the profit? _________________________

8. A toy store bought dolls for $22 each and sold them for $35 each. They sold 15 dolls.

a) What was the profit on each doll? _________________________

b) What was the total profit on all 15 dolls? _________________________