50 m 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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Let Cost Price be 100
Given, profit = 320% of cost = 320
Selling Price= Profit + cost
Price = 320+100 =420
Increase in 25% of CP = 100*125% = 125, but SP constant
Now, profit = SP – CP = 420- 125 = 295
Profit % of SP = Profit / SP x 100 295/420*100 = 70.23% is the Profit% of SP.
Given, profit = 320% of cost = 320
Selling Price= Profit + cost
Price = 320+100 =420
Increase in 25% of CP = 100*125% = 125, but SP constant
Now, profit = SP – CP = 420- 125 = 295
Profit % of SP = Profit / SP x 100 295/420*100 = 70.23% is the Profit% of SP.
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