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

A vendor buys a bag for ₱1,100 and sells it for ₱1,180. How much is the profit?

  1. ₱80
  2. ₱2,280
  3. ₱1,180
  4. ₱160

Answer

A. ₱80

Solution

Profit = selling price − cost = ₱1,180 − ₱1,100 = ₱80.

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