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? - Mathematics

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MCQ

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?

Options

  • 30%

  • 70%

  • 100%

  • 250%

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Solution

70%
Explanation :
Let CP = ₹ 100
Then, Profit = ₹ 320, SP = ₹ 420
New CP = 125% of 100 = 125
New SP = 420
Profit = (420 - 125) =  295
Required percentage

= `(295/420xx100)%=1475/21%`

= 70% (approximately)

Concept: Profit and Loss (Entrance Exam)
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