Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
Two phones were each sold for ₱17,800. One was sold at a 40% gain and the other at a 40% loss (both on cost). What was the overall result?
- No gain, no loss
- Loss of ₱6,780.95
- Gain of ₱6,780.95
- Loss of ₱7,120
Answer
B. Loss of ₱6,780.95
Solution
Costs: ₱17,800 ÷ 1.4 = ₱12,714.29 and ₱17,800 ÷ 0.6 = ₱29,666.67. Total cost ₱42,380.95 vs. sales ₱35,600 → loss of ₱6,780.95 (16% of total cost).
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