Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
The cost price of 15 items equals the selling price of 8 items. What is the percent profit?
- 87.5%
- 46.67%
- 7%
- 53.33%
Answer
A. 87.5%
Solution
Let each item cost ₱1: 8 items cost ₱8 but sell for ₱15. Profit % = (15 − 8)/8 × 100 = 87.5%.
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