Civil Service Exam Reviewer · Percentage · hard
A trader marks up an item costing ₱600 by 40%, then sells it at a 25% discount. What is the percent profit based on cost?
- 15%
- 40%
- 17.5%
- 5%
Answer
D. 5%
Solution
Marked price = ₱840. Selling price = ₱630. Profit = ₱30 = 5% of cost.
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