Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium
An item was sold for ₱2,687.50 at a 25% profit on cost. How much did it cost?
- ₱2,015.63
- ₱2,662.50
- ₱2,150
- ₱671.88
Answer
C. ₱2,150
Solution
Cost = SP ÷ 1.25 = ₱2,687.50 ÷ 1.25 = ₱2,150.
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