Question

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

Answer:

70%

Explanation:

Let the CP be 100 then,

Profit = 320

SP = 420

New CP = (25% of 100)+100= 125

New Profit = (420-125) = 295

New profit% = (295/420)×100 = 70% (approx)

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Answer 2

Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

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

= 295/420 x 100%

= 70%