Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
Two phones were each sold for ₱13,500. One was sold at a 40% gain and the other at a 40% loss (both on cost). What was the overall result?
- Loss of ₱5,142.86
- No gain, no loss
- Gain of ₱5,142.86
- Loss of ₱5,400
Answer
A. Loss of ₱5,142.86
Solution
Costs: ₱13,500 ÷ 1.4 = ₱9,642.86 and ₱13,500 ÷ 0.6 = ₱22,500. Total cost ₱32,142.86 vs. sales ₱27,000 → loss of ₱5,142.86 (16% of total cost).
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