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exercise on Profit and loss
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exercise on Profit and loss
exercise on Profit and loss
November 15, 2020
Posted by:
Michael Amankwah
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Welcome to your exercise on Profit and loss Story Problem
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1. Aba bought a carton of fish at GH¢80.00 and sold it at a profit of GH¢13.60. find the selling price.
GH¢93.60
GH¢103.60
GH¢113.60
GH¢123.60
2. A woman bought 210 oranges for GH¢7.50. She sold all of them at 3 for 15Gp. Find the
i. Total selling price of the oranges.
ii. Percentage profit.
3. Michael bought a radio for GH¢650.00. After one year, the radio was valued at 75% of the cost price.
i.
What was the value of the radio after one year?
ii. If he sold the radio for GH¢557.00, calculate his profit or loss over the cost price.
4. A trader paid GH¢150.00 for 6 drinking cups. One of the cups got broken. He sold the remaining 5, making a profit of 10%. Calculate
i. The cost price of each of the six cups.
ii. The selling price of each of the five cups.
iii. The profit made on each cup sold.
Time is Up!
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