Worked example 2 Aaron bought a laptop for €420 and sold it at a profi t of 12 1 Find (i) the profi t he made in euros (ii) the sale price of the laptop.
__ 2 %.
Solution (ii)
Worked example 3
Paul owns a game shop. He has bought too many copies of a particular game, so he decides to sell them at a loss of 40%. He is selling each game for €18. Find the value of the following: (i) The cost price Paul paid for the game. (ii) The loss in euros Paul makes on each game sold.
Solution (i)
A negative sign in front of an answer indicates a loss is being made.
Practice questions 13.4
1. Calculate the percentage profi t earned on the following items. Give your answer to two decimal places where necessary. (i) A games console player that cost €119 and sold for €155. (ii) A house bought for €365 000 and sold for €518 000. (iii) A bicycle costing €74 and sold for €105.