In a certain store, the profit is 320% of the cost. If the cost increase by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

  • Option 1)

    30%

  • Option 2)

    70%

  • Option 3)

    75%

  • Option 4)

    250%

  • Option 5)

    100%

Answers (1)

Let CP = 100      SP = 420

if    CP = 125      SP = 420

Then   \frac{295}{420}\times 100=70\; ^{0}\! /_{0}  ( approx.)

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