True or false?
A loss occurs when the selling price is less than the cost price
True
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20
A farmer bought seed at a cost of $56 000. As a result of the drought, his harvest was poor and his sales earned him only $27 500.
Calculate his loss as a percentage of his cost price, to the nearest percent.
51%
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15
Khaled invested $2000 for 3 years at 10% pa simple interest. Calculate the total interest earned
$600
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15
Sandi bought 25 calculators for $200. She sold them all for $9.50 each. What was her percentage profit?
18,75%
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5
Games were bought for $72 and sold for $90.
What was the profit?
$18
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baam
Lose 20 points!
Oops!
magnet
Take 5 points!
Okay!
rocket
Go to first place!
Okay!
baam
Lose 20 points!
Oops!
25
A dress is sold for $87. If this gives a profit of 45% on the cost price, what was the cost price?
$60
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5
If you take 15% off the price what percentage remains?
85 %
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baam
Lose 20 points!
Oops!
rocket
Go to first place!
Okay!
shark
Other team loses 25 points!
Okay!
banana
Go to last place!
Oops!
10
True or false?
Neko buys goods at a cost of $320 each and sells them for $300 each.
This means she is making a profit.
False
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banana
Go to last place!
Oops!
seesaw
Swap points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 25 points!
Oops!
25
Maria earned $80 000 last year. She could earn $15 000 before she paid income tax. Income tax was then charged at a rate of 35% on her earnings above $15 000.
How much income tax did Maria pay last year?
$22 750
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15
A retailer buys tricycles for $80 and sells them making a 25% profit.
What would be the selling price?
$100
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heart
Other team wins 25 points!
Oops!
star
Double points!
Okay!
fairy
Take points!
5
10
15
20
25
thief
Give points!
5
10
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20
25
15
Joseph invested $500 at an interest rate of 10% pa.
How long must the money be invested to earn $300 interest?
6 years
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20
A book was sold for $20, making a 25% profit on the selling price. What was the cost price?