© t madas. planet electrics ltd buys each dvd player for £120 and re-sells it for £150. what is...
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© T Madas
© T Madas
Planet Electrics Ltd buys each DVD player for £120 and re-sells it for £150.What is the percentage profit in this transaction?
Purchase price:
Sale price:
Profit:
£120
£150
£30
Fractional profit =
Actual profit
Original amount
= 30120
= 14
= 0.25
Percentage profit =
25%
© T Madas
© T Madas
A sweet shop buys chocolate bars for 50 pence each and sells them to customers for 70 pence.What is the percentage profit for this chocolate bar?
Purchase price:
Sale price:
Profit:
50 pence
70 pence
20 pence
Fractional profit =
Actual profit
Original amount
= 2050
= 25
= 0.4
Percentage profit =
40%
© T Madas
© T Madas
The cost of making a bedside table is £30 and this table retails in a furniture shop for £40. What is the percentage profit for this bedside table?
manufacturing cost:
Sale price:
Profit:
£30
£40
£10
Fractional profit =
Actual profit
Original amount
= 1030
= 13
= 0.3
Percentage profit =
33.3%
© T Madas
© T Madas
A fruit market stall trader bought pears for 10 pence each.Unfortunately these pears were not popular and in order to get rid of them before they go bad he had to sell them for 8 pence each.What is the percentage loss in this transaction?
Purchase price:
Sale price:
Loss:
10 pence
8 pence
2 pence
Fractional Loss =
Actual loss
Original amount
= 210
= 15
= 0.2
Percentage Loss =
20%
© T Madas
© T Madas
In the end of season sale shirts that cost £8 each to buy were sold at the clearance price of £5 each. What is the percentage loss in this transaction?
Purchase price:
Sale price:
Loss:
£8
£5
£3
Fractional Loss =
Actual loss
Original amount
= 38
= 0.375
Percentage Loss =
37.5%
© T Madas
© T Madas
A wine merchant buys a case of 12 bottles of wine for £30.He sells each bottle of wine for £4.What is the percentage profit for this transaction?
purchase cost:
Sale price:
Profit:
£2.50
£4
£1.50
Fractional profit =
Actual profit
Original amount
= 1.52.5
= 1525
= 0.6
Percentage profit =
60%
35
=
£30÷ 12 =£2.50
Method 1
© T Madas
A wine merchant buys a case of 12 bottles of wine for £30.He sells each bottle of wine for £4.What is the percentage profit for this transaction?
purchase cost:
Sale price:
Profit:
£30
£48
£18
Fractional profit =
Actual profit
Original amount
= 1830
= 0.6
Percentage profit =
60%
35
=
£4 x12=£48
Method 2
© T Madas
© T Madas
An electrical retailer buys a steam iron for £16 and sells it on for £28.Find the percentage profit on this iron.
Fractional profit =
Actual profit
Original amount
= 1216
= 0.75
Percentage profit =
75%
34
=
© T Madas
© T Madas
2400
9600
Beth paid £9600 for her car and sold it for £7200 two years later.Calculate her percentage loss.
Fractional loss =
Actual loss
Original amount
= = 0.25
Percentage loss =25%
14
=
12
48
© T Madas
© T Madas
Calculate the percentage saving on this sofa
Calculating:% loss% decrease% reduction% saving
Same Calculation
4501250
Fractional Saving =
Actual saving
Original amount
= = 0.36
Percentage saving =
36%
© T Madas
© T Madas
You can buy a cooker for £400 cash or you can pay a 10% deposit and 24 monthly instalments of £19.75.
1. Work out the cost of buying this cooker on credit.
2. The percentage extra you pay on the cash price if you buy this cooker on credit.
Deposit:10% of £400 = £40Instalments:24 x £19.75 = £474
£514
Calculating:% profit% increase% extra
Same Calculation
© T Madas
You can buy a cooker for £400 cash or you can pay a 10% deposit and 24 monthly instalments of £19.75.
1. Work out the cost of buying this cooker on credit.
2. The percentage extra you pay on the cash price if you buy this cooker on credit.
Deposit:10% of £400 = £40Instalments:24 x £19.75 = £474
£514
Fractional Extra =
Extra Amount
Original amount
=114400
= 0.285
Percentage Extra =28.5%
© T Madas
© T Madas
A certain brand of corn flakes is sold in boxes that weigh 375 grams. A promotional pack of 450 grams is to be produced in order to boost sales. This is indicated by a sticker on the box that states: … % extra for free.What percentage do you get for free according to the sticker?
standard size:
promotional size:
increase:
375
450
75
Fractional increase =
Actual increase
Original amount
= 75375
= 0.2
Percentage increase =
20%
15
=
© T Madas
© T Madas
The reprographics Department in the Northgate school charges to staple documents one penny per staple.
A box of 5000 staples costs £0.99 which you may round to £1.
Calculate the percentage profit made by reprographics.
Cost :“Sale” :
0.02 p1 p
5000 staplescost £1
5000 staplescost 100 p
50 staples cost 1 p
1 staple costs 0.02 p
1
0.02 % profit
=– 0.02
x 100
Actual profit
cost
% profit = x 100
= 4900 % !!!
© T Madas