Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
A store wants a 40% profit on an item that costs ₱5,300. What should its selling price be?
- ₱2,120
- ₱8,833.33
- ₱5,340
- ₱7,420
Answer
D. ₱7,420
Solution
SP = ₱5,300 × 1.4 = ₱7,420.
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