Question

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?

Answer 1

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.