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

Option 1)
70%
Option 2)
80%
Option 3)
60%
Option 4)
none
Option 5)
90%

Answers (1)

best_answer

Let CP = 100 SP = 420

New CP = 125

Then Profit% at SP = $\left ( \frac{295}{420} \right )\times 100=70\: ^{0}\! /_{0}$ (approx)

Posted by

rishi.raj

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