8. Slightly damaged goods costing $1.60 a yard were sold at a loss of $.80 on every yard. What was the loss per cent? 9. By selling hats at a sacrifice sale at $3 each, Mr. Burton lost $1 on every hat. What was his loss What was his loss per cent? 10. Louise bought a bag for 25¢ and sold it to a classmate for 20¢. What per cent did she lose? 11. Edith bought some stationery at a bazaar for 30¢ and sold it to her friend for 25¢. What per cent did she lose? 12. Our Junior Red Cross Club invested $.60 in candy and sold it for $1.20. What was the per cent of profit? 13. A newsboy bought 20¢ worth of newspapers and his sales amounted to 18¢. What was his per cent of loss? 14. A peddler bought a job lot of underwear for $16 and sold it for $48. What per cent did he make? 15. A piano costing $400 was sold for $100 at auction. What was the loss per cent? 16. A peddler bought bananas at 20¢ a dozen and sold them at 3¢ each. What per cent did he make? 17. Andrew sold his golf club for $3 and gained $.50. What per cent did he gain? 18. Walter sold his golf club for $2 and lost $.50. What per cent did he lose? 19. Constance sold a pair of shoes that were too small for her for $6, and thereby lost $3. What per cent did she lose? 20. Theodore lost $6 by selling his bicycle for $24. What per cent did he lose? 21. At a sale a chair was sold for $16 at a loss of $4. What per cent was lost? 22. What per cent was gained on lace sold for 50¢ at a gain of 30¢? [With pencil] 1. A contractor charged $2100 for a certain job; it cost him $1600. What per cent did he gain? 2. It cost a manufacturer $11.60 to make a dozen hats. He sold them at $18.85 a dozen. Find his per cent of profit. 3. A milliner bought hats at $20 per dozen and sold them at $3 each. What per cent did she make? 4. Potatoes bought at $2.50 per bushel were sold at $.10 a quart. What per cent was gained? 5. An automobile was sold for $1250 at a loss of $250. What per cent was lost? 6. A manufacturer sold certain remnants for $59.50 at a loss of $10.50. What per cent did he lose? 7. A peddler paid $3.50 for 300 fancy post cards and sold them at the rate of $.25 a dozen. What per cent did he gain? 8. Sugar bought at 6¢ a pound was sold at 8¢ a pound. What was the per cent of profit? 9. A grocer bought flour at $10 a barrel (196 lb.) and sold it in 7-pound packages at $.55 a package. What per cent did he gain? 10. Epsom salts bought at 13¢ a pound before the World War were sold by a wholesale druggist during the war at the market price of 3¢ a pound. What per cent of profit did he make? 11. A farmer paid $3000 for a farm and farmhouse. He spent $100 on repairs and $400 for improvements and then sold all for $4500. What per cent did he gain? 12. Amelia sold her spring hat, which she did not like, for $34 and thereby lost $.75. What per cent did she lose? 13. By selling a necklace for $800, a jeweler gained $450. What per cent did he gain? 14. At a certain auction sale, vases were sold for $5.50 each, at a loss of $61. What was the loss per cent? 15. Neckties bought at $4.50 a dozen were sold at $.50 each. What was the per cent of profit? 16. A certain concern selling goods at a sacrifice lost $.75 on every shirt sold for $2.50. What per cent was lost? To find the cost when the profit and the per cent of profit or the loss and the per cent of loss are given. Example: By selling a quantity of velvet at a profit of $150 a dealer gained 30%. Find the cost and the selling price. Be careful to avoid mistakes by noting what is required and what is given, and by checking all work. 1. If a merchant sold goods at a profit of 10% and gained $30, what was the cost of the goods? 2. A grocer sold tea at 5¢ a pound less than the cost and lost 121%. What was the cost of the tea? 3. A hardware dealer made a profit of 30¢, or 40% of the cost of certain hammers. Find the cost and the selling price of these hammers. 4. A clothing manufacturer sold goods at a gain of 50%. If his profit on one sale was $100, what was the cost of the goods sold? the selling price? 5. By selling goods at a sacrifice Mr. Lowe lost $40, which was 25% of the cost of his goods. What was the cost? the selling price? 6. A grocer gained 6¢ on every pound of coffee he sold. If his profit was 25% of the cost, how much did he pay for each pound, and how much did he receive for each pound? K. G. Ar. by Gr. 7th 7. A bookcase was sold at a loss of 20% of the cost. If the loss was $12, how much did the bookcase cost? How much was received for it? 8. By selling hats at $1.50 each above the cost, a milliner gained 50%. How much did each hat cost? 9. Mr. Alexander made $1.20 on every sweater he sold for 60% more than it cost him. How much did each sweater cost him? 10. At a Red Cross fair, the children sold cushions at $1.50 above cost, thereby gaining 50%. How much did each cost? [With pencil] 1. A farmer made a profit of $50 by selling a cow at a gain of 40%. How much did it cost him? For how much did he sell it? 2. A druggist gained 150% by selling certain drugs at 60¢ above cost. What was the cost? the selling price? 3. Furs were sold at a profit of 75%. If in one sale $276 was gained, how much did the furs cost? For how much were they sold? 4. A grocer made a profit of 8¢ on every pound of coffee he sold. If he gained 25%, how much did he pay for the coffee? 5. Owing to a fire a stock of goods was sold at a loss of 15%. If the loss was $1200, what was the cost of the goods? What was the selling price? 6. During the World War a certain landlord sold his house at a loss of 18%, thereby losing $6300. How much did the house cost him? For how much did he sell it? 7. By selling his automobile to a dealer a man lost $210 or 5% of his investment. How much had he paid for it? |