Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A fruit dealer buys 59 crates of mangoes at ₱3,700 per crate. 26 crates spoil and are thrown away. The rest are sold at ₱7,940 per crate. What is the overall profit or loss?
- Profit of ₱250,160
- Loss of ₱43,720
- Profit of ₱43,720
- Profit of ₱51,660
Answer
C. Profit of ₱43,720
Solution
Cost = 59 × ₱3,700 = ₱218,300. Revenue = 33 × ₱7,940 = ₱262,020. Profit = ₱43,720.
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