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Percentage Profit and Loss WORKSHEET
Suitable for Grades: 7th Grade, IM 1
CCSS: 7.RP.A.3
CCSS Description: Use proportional relationships to solve multistep ratio and percent problems, including simple interest, tax, markups and markdowns, gratuities and commissions, fees, percent increase and decrease, and percent error.
Percentage Profit and Loss WORKSHEET DESCRIPTION
This worksheet focuses on calculating percentage profit and loss.
Section A begins by asking students to determine whether a profit or loss was made in various scenarios involving buying items in bulk and selling them individually.
Section B then requires the calculation of percentage profit or loss, often to one decimal place, using a table format with eight given cost and sale prices.
Finally, the worksheet presents more complex word problems where students must first calculate total costs and revenues from multiple expenditures and sales to determine overall profit or loss, and then compute the percentage. Some questions also challenge students to work backwards, calculating a necessary selling price to achieve a desired profit margin.
Section A begins by asking students to determine whether a profit or loss was made in various scenarios involving buying items in bulk and selling them individually.
Section B then requires the calculation of percentage profit or loss, often to one decimal place, using a table format with eight given cost and sale prices.
Finally, the worksheet presents more complex word problems where students must first calculate total costs and revenues from multiple expenditures and sales to determine overall profit or loss, and then compute the percentage. Some questions also challenge students to work backwards, calculating a necessary selling price to achieve a desired profit margin.
