A sari-sari store owner buys a case of goods for ₱600 and sells the contents for a total of ₱690. What is her profit as a percentage of cost?

Correct answer: B. 15%

Profit = ₱690 − ₱600 = ₱90. Profit percentage based on cost = 90 ÷ 600 × 100 = 15%. Based on the selling price it would be about 13%, so always check which base the question asks for.

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Answer and explanation

The correct answer is B. 15%

Profit = ₱690 − ₱600 = ₱90. Profit percentage based on cost = 90 ÷ 600 × 100 = 15%. Based on the selling price it would be about 13%, so always check which base the question asks for.

Topic: Percentage and Interest Problems MCQs · Subject: Numerical Ability