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

An item costing ₱1,080 is sold for ₱1,512. What is the percent profit based on cost?

  1. 28.57%
  2. 40%
  3. 432%
  4. 140%

Answer

B. 40%

Solution

Profit = ₱432. 432 ÷ 1,080 × 100 = 40%.

More Simple Interest and Profit/Loss questions

  1. Find the simple interest on ₱29,000 at 9% per year for 4 months.
  2. An old laptop bought for ₱2,650 was sold for ₱2,515. How much was the loss?
  3. A vendor buys a bag for ₱330 and sells it for ₱450. How much is the profit?
  4. What is the simple interest on ₱77,000 at 10% per year for 3 years?
  5. An item costing ₱3,660 is sold for ₱5,124. What is the percent profit based on cost?
  6. Find the simple interest on ₱32,000 at 9% per year for 3 months.
  7. An old laptop bought for ₱2,880 was sold for ₱2,800. How much was the loss?
  8. A vendor buys a bag for ₱3,760 and sells it for ₱3,880. How much is the profit?
  9. ₱74,000 is deposited at 4% simple interest per year. How much will it amount to after 3 years?
  10. What is the simple interest on ₱88,000 at 4% per year for 3 years?

All Simple Interest and Profit/Loss questions