CBSE Class 8 Answered
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 | 20 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 | 20 Nov, 2013, 02:40: AM
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