Civil Service Exam Reviewer · Simple Interest and Profit/Loss · easy
An item costing ₱2,940 is sold for ₱3,528. What is the percent profit based on cost?
- 16.67%
- 588%
- 120%
- 20%
Answer
D. 20%
Solution
Profit = ₱588. 588 ÷ 2,940 × 100 = 20%.
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