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)
R rishi raj

Let CP = 100              SP = 420

New CP = 125

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

Exams
Articles
Questions