Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
Two phones were each sold for ₱4,900. One was sold at a 30% gain and the other at a 30% loss (both on cost). What was the overall result?
- No gain, no loss
- Loss of ₱969.23
- Gain of ₱969.23
- Loss of ₱1,470
Answer
B. Loss of ₱969.23
Solution
Costs: ₱4,900 ÷ 1.3 = ₱3,769.23 and ₱4,900 ÷ 0.7 = ₱7,000. Total cost ₱10,769.23 vs. sales ₱9,800 → loss of ₱969.23 (9% of total cost).
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