Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A fruit dealer buys 53 crates of mangoes at ₱2,100 per crate. 25 crates spoil and are thrown away. The rest are sold at ₱4,770 per crate. What is the overall profit or loss?
- Profit of ₱141,510
- Profit of ₱22,260
- Loss of ₱22,260
- Profit of ₱27,030
Answer
B. Profit of ₱22,260
Solution
Cost = 53 × ₱2,100 = ₱111,300. Revenue = 28 × ₱4,770 = ₱133,560. Profit = ₱22,260.
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