Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
A store wants a 20% profit on an item that costs ₱8,600. What should its selling price be?
- ₱1,720
- ₱10,750
- ₱10,320
- ₱8,620
Answer
C. ₱10,320
Solution
SP = ₱8,600 × 1.2 = ₱10,320.
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