Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
A store wants a 25% profit on an item that costs ₱6,550. What should its selling price be?
- ₱8,187.50
- ₱1,637.50
- ₱8,733.33
- ₱6,575
Answer
A. ₱8,187.50
Solution
SP = ₱6,550 × 1.25 = ₱8,187.50.
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