Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A manufacturer sells a fan to a wholesaler at 25% profit, the wholesaler sells to a retailer at 10% profit, and the retailer sells to a customer at 25% profit. If the customer pays ₱1,031.25, how much did the fan cost the manufacturer?
- ₱412.50
- ₱600
- ₱644.53
- ₱660
Answer
B. ₱600
Solution
Cost = ₱1,031.25 ÷ (1.25 × 1.1 × 1.25) = ₱600.
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