Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
An item costs ₱5,600. At what price should it be marked so that after giving a 20% discount, the store still earns 25% profit on cost?
- ₱8,120
- ₱8,750
- ₱8,400
- ₱7,000
Answer
B. ₱8,750
Solution
Required SP = ₱7,000. Marked price × 0.8 = SP → marked price = ₱8,750.
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