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

A vendor buys a bag for ₱3,760 and sells it for ₱3,880. How much is the profit?

  1. ₱7,640
  2. ₱3,880
  3. ₱240
  4. ₱120

Answer

D. ₱120

Solution

Profit = selling price − cost = ₱3,880 − ₱3,760 = ₱120.

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