Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
The cost price of 27 items equals the selling price of 24 items. What is the percent profit?
- 11.11%
- 3%
- 88.89%
- 12.5%
Answer
D. 12.5%
Solution
Let each item cost ₱1: 24 items cost ₱24 but sell for ₱27. Profit % = (27 − 24)/24 × 100 = 12.5%.
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