Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A manufacturer sells a fan to a wholesaler at 20% profit, the wholesaler sells to a retailer at 20% profit, and the retailer sells to a customer at 25% profit. If the customer pays ₱2,160, how much did the fan cost the manufacturer?
- ₱756
- ₱1,309.09
- ₱1,320
- ₱1,200
Answer
D. ₱1,200
Solution
Cost = ₱2,160 ÷ (1.2 × 1.2 × 1.25) = ₱1,200.
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