Civil Service Exam Reviewer · Simple Interest and Profit/Loss · easy
A vendor buys a bag for ₱1,350 and sells it for ₱1,510. How much is the profit?
- ₱2,860
- ₱160
- ₱1,510
- ₱320
Answer
B. ₱160
Solution
Profit = selling price − cost = ₱1,510 − ₱1,350 = ₱160.
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