Join ExamsbookAnswer : 3. "70%"
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 ?5
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 ?
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Answer : 3. "70%"
Explanation :
Answer: C) 70% Explanation: Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420. New C.P. = 125% of Rs. 100 = Rs. 125New S.P. = Rs. 420. Profit = Rs. (420 - 125) = Rs. 295 Required percentage = (295/420) * 100 = 70%(approx)