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Q

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%

Views

Let CP = 100              SP = 420

New CP = 125

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

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