Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
The cost price of 14 items equals the selling price of 9 items. What is the percent profit?
- 35.71%
- 5%
- 55.56%
- 64.29%
Answer
C. 55.56%
Solution
Let each item cost ₱1: 9 items cost ₱9 but sell for ₱14. Profit % = (14 − 9)/9 × 100 = 55.56%.
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