Civil Service Exam Reviewer · Simple Interest and Profit/Loss · medium

A store wants a 40% profit on an item that costs ₱9,900. What should its selling price be?

1. ₱3,960
2. ₱16,500
3. ₱9,940
4. ₱13,860

Answer

D. ₱13,860

Solution

SP = ₱9,900 × 1.4 = ₱13,860.

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