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Discussion :: Profit and Loss

  1. 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?
    2. A.
    30%
    B.
    70%
    C.
    100%
    D.
    250%

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    Workspace

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    Answer : Option B

    Explanation :

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

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

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