Calculating Percentage Profit or Loss

A book is bought for $35 and sold for $21. Which option will help you solve the question?

• $\frac{21}{35}\cdot100$

• $\frac{14}{35}\cdot100$

• $\frac{35}{21}\cdot100$

• $\frac{14}{21}\cdot100$

A book is bought for $35 and sold for $21. Which option is correct?

• A 40% profit has been made.

• A 40% loss has been made.

• A 60% profit has been made.

• A 60% loss has been made.

A radio is bought for $40 and sold for $55. Which option will help you solve the question?

• $\frac{15}{40}\cdot100$
  

• $\frac{40}{55}\cdot100$

• $\frac{55}{40}\cdot100$

• $\frac{15}{55}\cdot100$

A radio is bought for $40 and sold for $55. Which option is correct?

• A profit of 62.5% has been made.

• A loss of 62.5% has been made.

• A profit of 37.5% has been made.

• A loss of 37.5% has been made.

A chair is placed on eBay for $50 and sold for $87. Which option is correct?

• A profit of 57% has been made.

• A loss of 57% has been made.

• A profit of 74% has been made.

• A loss of 74% has been made.

A sandwich maker that was originally priced at $59 was sold for $45. Which option is correct?

• A profit of 24% has been made.

• A loss of 24% has been made.

• A profit of 76% has been made.

• A loss of 76% has been made.

A camera is bought for $935 and sold for $599. Which option is correct?

• A profit of 64% has been made.

• A loss of 64% has been made.

• A profit of 36% has been made.

• A loss of 36% has been made.

A car is bought for $22,000 and sold for $18,500. Which option is correct?

• A profit of $3500 has been made.

• A loss of 3500% has been made.

• A loss of 15.91% has been made.

• A loss of 20.45% has been made.

Calculate the percentage profit, correct to the nearest whole number, for a music system bought for $1200 and sold for $1500.

Calculate the percentage loss, correct to two decimal places, for shares bought for $2.98 and sold for $4.52.