Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A fruit dealer buys 53 crates of mangoes at ₱4,100 per crate. 22 crates spoil and are thrown away. The rest are sold at ₱8,420 per crate. What is the overall profit or loss?
- Profit of ₱228,960
- Loss of ₱43,720
- Profit of ₱43,720
- Profit of ₱52,140
Answer
C. Profit of ₱43,720
Solution
Cost = 53 × ₱4,100 = ₱217,300. Revenue = 31 × ₱8,420 = ₱261,020. Profit = ₱43,720.
More Simple Interest and Profit/Loss questions
- Marco deposited ₱78,000 in one bank at 6% and ₱10,000 in another at 12% simple interest. What is the average (overall) rate of return per…
- What is the effective annual interest rate of 8% compounded quarterly?
- On ₱71,000 at 12% for 180 days, how much more is the ordinary interest (360-day year) than the exact interest (365-day year)?
- What amount must be invested now at 8% simple interest to have ₱18,560 after 2 years?
- A lender charges 6% simple interest PER MONTH. If Pia borrows ₱12,000 for 10 months, how much must be repaid in total?
- An item costs ₱1,000. At what price should it be marked so that after giving a 25% discount, the store still earns 35% profit on cost?
- A store's markup is 40% of the SELLING price. What is the equivalent markup as a percent of COST?
- A manufacturer sells a fan to a wholesaler at 25% profit, the wholesaler sells to a retailer at 25% profit, and the retailer sells to a…
- The cost price of 13 items equals the selling price of 12 items. What is the percent profit?
- A dishonest vendor claims to sell rice at cost price but uses a weight of 750 g instead of 1 kg. What is his actual percent gain?