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
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
Kindly Sign up for a personalised experience
- Ask Study Doubts
- Sample Papers
- Past Year Papers
- Textbook Solutions
Verify mobile number
Enter the OTP sent to your number