Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
Two phones were each sold for ₱17,000. One was sold at a 20% gain and the other at a 20% loss (both on cost). What was the overall result?
- Loss of ₱1,416.67
- No gain, no loss
- Gain of ₱1,416.67
- Loss of ₱3,400
Answer
A. Loss of ₱1,416.67
Solution
Costs: ₱17,000 ÷ 1.2 = ₱14,166.67 and ₱17,000 ÷ 0.8 = ₱21,250. Total cost ₱35,416.67 vs. sales ₱34,000 → loss of ₱1,416.67 (4% of total cost).
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