5. Find the percentage profit or loss in each of the following. Give your answer to two decimal places where necessary.
(i) Cost price = €350 Selling price = €400
(ii) Cost price = €250 Selling price = €235
(iii) Cost price = €300 Profit = €75
(iv) Cost price = €720 Loss = €63
(v) Selling price = €1 518 Loss = € 132
(vi) Selling price = € 540 Profit = € 60
6. Mr. Smith gets his gas bill. The amount to be paid is €87·89 excluding VAT. The VAT on a gas bill is 13·5%. Calculate, rounded to the nearest cent:
(i) the amount of VAT to be paid on the bill (ii) the total cost of the bill, including VAT
7. A man gets his car serviced. The cost of the parts is €95·00 excluding VAT. The cost of the labour is €80·00 excluding VAT. The VAT on the parts is paid at 23%; the VAT on labour is at 13·5%. Calculate to the nearest cent:
(i) the amount of VAT to be paid on the parts (ii) the total cost of the parts including VAT (iii) the amount of VAT to be paid on the labour (iv) the total cost of the labour including VAT (v) the final bill the man has to pay
8. Mary scored 13 out of 20 in her Maths exam and 27 out of 40 in her English exam. By converting both of her results to a percentage, determine which subject she did better in.
9. The price of an item changed from €120 to €100. Then later the price decreased again from €100 to €80. Which of the two decreases was larger in percentage terms?
10. Alan bought 120 pens at a cost of €2 per pen. He sold 72 of them for €2·50 per pen and the remaining at the price of €2 per pen. Find his percentage profit or loss.
Taking it FURTHER
Section A Introducing concepts and building skills