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

An old laptop bought for ₱2,650 was sold for ₱2,515. How much was the loss?

  1. ₱5,165
  2. ₱2,515
  3. ₱2,650
  4. ₱135

Answer

D. ₱135

Solution

Loss = cost − selling price = ₱2,650 − ₱2,515 = ₱135.

More Simple Interest and Profit/Loss questions

  1. A vendor buys a bag for ₱330 and sells it for ₱450. How much is the profit?
  2. What is the simple interest on ₱77,000 at 10% per year for 3 years?
  3. An item costing ₱3,660 is sold for ₱5,124. What is the percent profit based on cost?
  4. Find the simple interest on ₱32,000 at 9% per year for 3 months.
  5. An old laptop bought for ₱2,880 was sold for ₱2,800. How much was the loss?
  6. A vendor buys a bag for ₱3,760 and sells it for ₱3,880. How much is the profit?
  7. ₱74,000 is deposited at 4% simple interest per year. How much will it amount to after 3 years?
  8. What is the simple interest on ₱88,000 at 4% per year for 3 years?
  9. An item costing ₱280 is sold for ₱336. What is the percent profit based on cost?
  10. Find the simple interest on ₱29,000 at 8% per year for 6 months.

All Simple Interest and Profit/Loss questions