Civil Service Exam Reviewer · Percentage · hard

An item bought for ₱2,900 is sold for ₱3,770. What is the profit as a percent of the SELLING price?

  1. 30%
  2. 870%
  3. 76.92%
  4. 23.08%

Answer

D. 23.08%

Solution

Profit = ₱870. Based on selling price: 870 ÷ 3,770 × 100 = 23.08%.

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