Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard

Two phones were each sold for ₱11,200. One was sold at a 20% gain and the other at a 20% loss (both on cost). What was the overall result?

1. No gain, no loss
2. Gain of ₱933.33
3. Loss of ₱2,240
4. Loss of ₱933.33

Answer

D. Loss of ₱933.33

Solution

Costs: ₱11,200 ÷ 1.2 = ₱9,333.33 and ₱11,200 ÷ 0.8 = ₱14,000. Total cost ₱23,333.33 vs. sales ₱22,400 → loss of ₱933.33 (4% of total cost).

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