Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
An item was sold for ₱6,562.50 at a 25% profit on cost. How much did it cost?
- ₱4,921.88
- ₱6,537.50
- ₱1,640.63
- ₱5,250
Answer
D. ₱5,250
Solution
Cost = SP ÷ 1.25 = ₱6,562.50 ÷ 1.25 = ₱5,250.
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