If the selling price of a product is more than the buying price then the difference is the PROFIT.
If the buying price of a product is more than the selling price then the difference is the LOSS.
Omwoyo bought 5 oranges each at Sh 5.
Two of them got spoilt and he later sold the remaining at Sh 9 each.
What profit did he make?
Buying price
= sh (5 X 5) = Sh 25
Selling price
= sh (5 – 2) X 9 = Sh 27
Profit = selling price – buying price
= Sh (27 – 25) = Sh 2
Once the profit has been determined, the percentage profit can be calculated as follows:
(Profit/Buying Price) X 100
Remember:
The percentage profit for Omwoyo is therefore:
Percentage profit = (Profit/Buying Price) X 100
= (2/25 X 100) %
= 8%
By selling a trouser for Sh 360 a trader gets a loss of 20%.
What is the buying price?
Selling price = Sh 360
Percentage loss = 20%
Buying price = 100%
Selling price = 80%
80% = sh 360
100% = (100 X 360)/80 = Sh 450
Elisa bought 30 litres of milk for Sh 400.
She later sold the milk at Sh 12 per litre.
Work out her percentage profit or loss.
Remember that:
Buying price = Sh 400
Selling price = Sh (30 X 12) = Sh 360
Since the buying price is more than the selling price, a loss was made.
Loss = Sh 400 – Sh 360 = Sh 40
Percentage loss was therefore:
= (110/400)% = 27.5%
Remember that:
Standard 8
1. Wanjugu bought 25 metres of material at sh 30 per metre. She used the material for male articles for sale. Each article required 1.25 m. if two of the articles she made were spoilt, how much profit did she make after selling all the remaining articles at sh 60 each?
A. Sh 600 B. Sh 750 C. Sh 450 D. Sh 330
2. A businesswoman bought 10 bags of maize at sh 220 each. She paid sh 10 per bag for transport. She later put the maize in 9 larger bags for transport. She later put the maize in 9 larger bags and sold each bag at sh 250. How much loss did she make?
A. Sh 50.00 B. Sh 20.00 C. Sh 30.00 D. Sh 150.00
3. Wanja bought fruits that were being sold at 3 fruits for sh 2.00. She then sold them at 3.50 fruits for sh 350. What profit did she male after selling 450 fruits?
A. Sh 300 B. Sh 525 C. Sh 225 D. Sh 150
4. Njoroge and Maina are fruit dealers. One day each of them bought 300 fruits at the same price. Njoroge sold his fruits at 5 fruits for sh 2. Maina sold his fruits at 4 fruits for sh 2. If Maina made a profit made a profit of sh 20, what loss did Njoroge make?
A. Sh 10 B. Sh 30 C. Sh 130 D. Sh 140
5. A tray contains 30 eggs. The buying price for a tray of eggs is sh 48.00 and the selling price of one egg is sh 1.80. Mwamburi bought 3 trays of eggs. 12 eggs got broken. He sold the remaining eggs. What loos did he make?
A. Sh 3.60 B. Sh 21.60 C. 118.80 D. 140.40
6. A tray holds 30 eggs. A businessman buys a tray of eggs at sh 75 and sells it at sh 90. He bought 5 trays of eggs but 50 eggs broke. How much should he sell each of the remaining eggs in order to make the same profit?
A. Sh 4.50 B. Sh 3.75 C. Sh 3.00 D. Sh 2.50
7. If a shopkeeper sells a shirt for sh 450, he makes a 10% loss. For how much should he sell the shirt to make a 20 % profit?
A. Sh 500 B. Sh 594 C. Sh 600 D. Sh 540
8. A vendor spent sh 100 to buy fruits as follows:
36 mangoes
40 oranges
48 bananas
She then sold the fruits as follows:
1 mango for sh 1.00
2 oranges for sh 3.00
4 bananas for sh 5.00
How much profit did she make?
A. Sh 156.00 B. Sh 35.75 C. Sh 56.00 D. Sh 64.25
9. A shopkeeper bought 36 glasses at sh 45 each. Ten glasses got broken. He sold the remaining ones at sh 50 each. What loss did he make?
A. Sh 1620 B. Sh 1300 C. Sh 450 D. Sh 320
10. Kibet bought a radio for sh 2800. He later sold it making a 20 % loss. For how much did he sell it?
A. Sh 3500 B. Sh 3360 C. Sh 2240 D. Sh 560
11. Mwenje and Kiraitu buy and sell bananas. One day each of them bought 900 bananas for the same price. Mwenje sold each banana for sh 1.00 while Kiraitu sold his at 5 for sh 4.00. if Kiraitu made a loss of sh 20, how much profit did Mwenje make?
A. Sh 900 B. Sh 200 C. Sh 180 D. Sh 160
12. In one season Mbaya hired one hectare of land for sh 5000. He sowed 3 bags of wheat which he had bought for sh 1200 each. He also spent sh 2000 for ploughing, sh 1000 for sowing, sh 3400 for fertilizers and sh 2000 for harvesting. He harvested 60 bags of wheat which he sold for sh 900 per bag. What profit did Mbaya make from the cultivation of wheat that season?
A. 37000 B. 54000 C. 39400 D. 17000
13. A hawker bought 100 oranges at sh 5.00 each. Twenty-five oranges got spoilt and she sold the remaining oranges at sh 6.50 each. What loss did she make?
A. Sh 162.50 B. Sh 125.00 C. Sh 37.50 D. Sh 12.50
14. Nyakundi sold a radio for sh 7200 making a 20 % profit. For how much had he bought the radio?
A. Sh 8640 B. Sh 1440 C. Sh 6000 D. Sh 5760
15. A fruit vendor bought 150 pineapples at sh 80 for every 5 pineapples. He sold them at sh 24 each. How much profit did he make?
A. Sh 1200 B. Sh 2400 C. Sh 3600 D. Sh 6000
16. Wanjiru operated a kiosk selling potato chips. One day she bought 2 bags of potatoes for sh. 600 each; cooking oil for sh 360; charcoal for sh 300 and water for sh 200. She sold 250 plates of potato chips at sh 15 per plate. She then paid her two helpers sh 200 each. How much profit did she make?
A. Sh 2090 B. Sh 1690 C. Sh 1490 D. Sh 1290
1. A vegetable vendor spent sh 150 in buying 24 kg carrots, 16 kg cabbages and 20 kg tomatoes. He also spent sh 10 on transportation. He sold the carrots at sh 2.00 per kilogram, cabbages at sh 1.40 per kilogram and tomatoes at sh 4.00 per kilogram. What was his loss percent?
A. 8 % B. 5 % C. 5.67% D. 1.67 %
2. Halima made a 25 % profit after selling a dress for sh 500 and a 20 % loss after selling a pair of shoes for sh 100. What was the total cost of the dress and the pair of shoes?
A. Sh 705 B. Sh 525 C. Sh 495 D. Sh 570
3. A book distributor buys books from a publisher at a price which is 40 % less than the marked price. What profit does the distributor make on a book marked sh 90?
A. Sh 126 B. Sh 60 C. Sh 54 D. Sh 36
4. A tray contains 30 eggs. A kiosk owner bought 5 trays at sh 150 each. The eggs in two trays got broken. He then sold the remaining eggs at sh 6 per egg. What loss did he make?
A. Sh 540 B. Sh 360 C. Sh 300 D. Sh 210
5. Mutiso bought 2 cartons of biscuits each containing 15 packets. He paid sh 300 for the biscuits. He then sold each packet for sh 25. What percentage profit did he make?
A. 150 % B. 60 % C. 25 % D 250 %
6. Muliro bought a car and later sold it for sh 75000 making a loss of 20 %. At what price had he bought the car?
A. Sh 93 750 B. Sh 90000 C. Sh 62500 D. Sh 60000
