Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
The cost price of 27 items equals the selling price of 25 items. What is the percent profit?
- 7.41%
- 2%
- 8%
- 92.59%
Answer
C. 8%
Solution
Let each item cost ₱1: 25 items cost ₱25 but sell for ₱27. Profit % = (27 − 25)/25 × 100 = 8%.
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