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?

A. 20%

B. 30%

C. 50%

D. 70%

View Answer

1

Correct Answer :
70%

Explanation :

Let C.P = Rs. 100. Then, Profit = Rs. 320, S.P = Rs. 420

New C.P = 125% of Rs. 100 = Rs. 125

New S.P = Rs. 420

Profit = Rs. (420 - 125) = Rs. 295

=> Required Percentage = (295 / 420) x 100 % = (1475 / 21) % = 70% approx

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