Profit & Loss: Mixed Review

Mathematics
GCSE Higher
12 questions
~24 mins
1 views0 downloads

About This Worksheet

A worksheet focused on Profit & Loss, covering key concepts and calculations related to percentage change, designed for GCSE Higher students.

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Profit & Loss: Mixed Review

Subject: MathematicsGrade: GCSE Higher
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Date:
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Untitled Worksheet

Grade GCSE Higher
A

Practice Questions

Answer all questions. Show your working in the grid spaces provided.
1.
A shop buys an item for £50 and sells it for £65. Calculate the percentage profit made on the item.
[3 marks]
2.
A retailer makes a loss of 10% on a product that costs £80. What is the selling price?
[3 marks]
3.
A trader bought items costing £200 and sold them for £250. What was the percentage profit?
[2 marks]
4.
Construct a rectangle on the grid with a length of 6 units and a width that gives a profit of 20% if sold at £36. Find the cost price of the rectangle.
[4 marks]
5.
A shop sells an item at a 25% profit. If the selling price is £150, what was the cost price?
[3 marks]
6.
A product originally costs £60. It is marked up by 40%. What is the new selling price?
[3 marks]
7.
In a sale, an item sold for £45 after a 10% discount. Find the original marked price.
[3 marks]
8.
A calculator shows a profit of 15% on a product. If the cost price is £85, what is the profit amount?
[2 marks]
9.
A retailer bought 50 items at £30 each and sold all for a total of £1,500. Calculate the percentage profit per item.
[4 marks]
10.
A pair of shoes was bought for £40 and marked up by 25%. During a sale, it was sold at a 10% discount on the marked price. What was the final selling price?
[4 marks]
11.
A shopkeeper mistakenly calculates profit as 20% when it is actually 25%. If the cost price is £80, find the incorrect profit amount and the correct profit amount.
[5 marks]
12.
Identify and correct the error in the following calculation: A product costs £70, and a profit of 20% is added, resulting in a selling price of £84.
[5 marks]

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Details

Created
1/1/2026
Updated
1/1/2026
Type
worksheet