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4MA1/2H Jan 2021, Question 3: Profit and Loss

Pearson Edexcel International GCSE Mathematics A 4MA1 · Paper 2H (Higher) · Calculator · 6 marks

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The question, in short

Gladys buys a table for $465 and sells it for $520, then reduces all shop prices by 12%; find the percentage profit to 3 significant figures and the sale price of a $550 armchair.

Summarised in our own words. Use the official paper for the exact wording and any diagrams.

Part (a) · 3 marks

Work out Gladys's percentage profit on the table bought for $465 and sold for $520, giving the answer correct to 3 significant figures.

  1. 1520 − 465 = 55
  2. 255 / 465 = 0.118279...
  3. 30.118279... × 100 = 11.8279...
  4. 411.8

Answer11.8

Part (b) · 3 marks

Work out the sale price of an armchair whose normal price was $550 after a 12% decrease.

  1. 10.12 × 550 = 66
  2. 2550 − 66 = 484
  3. 3484

Answer484

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