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

An item costing ₱3,660 is sold for ₱5,124. What is the percent profit based on cost?

  1. 28.57%
  2. 40%
  3. 1,464%
  4. 140%

Answer

B. 40%

Solution

Profit = ₱1,464. 1,464 ÷ 3,660 × 100 = 40%.

More Simple Interest and Profit/Loss questions

  1. Find the simple interest on ₱32,000 at 9% per year for 3 months.
  2. An old laptop bought for ₱2,880 was sold for ₱2,800. How much was the loss?
  3. A vendor buys a bag for ₱3,760 and sells it for ₱3,880. How much is the profit?
  4. ₱74,000 is deposited at 4% simple interest per year. How much will it amount to after 3 years?
  5. What is the simple interest on ₱88,000 at 4% per year for 3 years?
  6. An item costing ₱280 is sold for ₱336. What is the percent profit based on cost?
  7. Find the simple interest on ₱29,000 at 8% per year for 6 months.
  8. An old laptop bought for ₱1,650 was sold for ₱1,645. How much was the loss?
  9. A vendor buys a bag for ₱1,100 and sells it for ₱1,180. How much is the profit?
  10. ₱78,000 is deposited at 12% simple interest per year. How much will it amount to after 3 years?

All Simple Interest and Profit/Loss questions