In a certain store, profit is 320 % of cost. If cost increases by 25 % but selling price remains con

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7.Profit and Loss

medium

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?

A

$30$

B

$70$

C

$100$

D

$250$

Solution

Let $C P=Rs$. $100$

After $320 \%$ profit $S P=R s .420$

After increasing cost the,

$CP = Rs. 125 \quad[25 \%$ cost increase $]$

Profit $=420-125=$ $Rs. 295$

$\frac{295}{420} \times 100=70 \%$ (Appx.)

Standard 13

Quantitative Aptitude

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