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

An item costing ₱2,520 is sold for ₱3,276. What is the percent profit based on cost?

  1. 23.08%
  2. 756%
  3. 30%
  4. 130%

Answer

C. 30%

Solution

Profit = ₱756. 756 ÷ 2,520 × 100 = 30%.

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