Percentages - Percentages involving Finances: Profit and Loss

Percentages - Percentages involving Finances: Profit and Loss

IP 1
7 marks

A laptop is on sale for \(\$2520\) after a \(16\%\) discount.

  1. Find the original price of the laptop.

    [2]

The retailer bought the laptop from its supplier for \(\$1800\).

  1. Calculate the percentage profit made when the laptop is sold for \(\$2520\).

    [2]

A customer may instead purchase the laptop by paying \(20\%\) of the sale price as a deposit, followed by \(15\) monthly payments of \(\$180\).

  1. Calculate the additional amount the customer pays by using the instalment plan instead of paying \(\$2520\) immediately.

    [3]

Solution:

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Answer:(a) \(\$3000\) (b) \(40\%\) (c) \(\$684\)

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