In a certain store, the profit is 320% of the cost. If the cost increases by 25% keeping the selling price constant, approximately what percentage of the selling price is the profit?

 

Asked by Topperlearning User | 20th Nov, 2013, 12:40: AM

Expert Answer:

Let CP = Rs. 100.

Then, Profit = Rs. 320, SP  = Rs. 420.

New CP = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

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

Therefore, required percentage =

Answered by  | 20th Nov, 2013, 02:40: AM

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