Join ExamsbookAnswer : 1. "61%"
In a certain Business, the profit is 220% 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 ?5
Q: In a certain Business, the profit is 220% 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 ?
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Answer : 1. "61%"
Explanation :
Answer: A) 61% Explanation: Let C.P.= Rs. 100. Then, Profit = Rs.220, S.P. = Rs.320. New C.P. = 125% of Rs. 100 = Rs. 125 New S.P. = Rs.320. Profit = Rs. (320 - 125) = Rs. 195 Required percentage = 195320×100== 60.9 =~ 61%