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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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    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

     

    New S.P. = Rs. 420.

     

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

     

     Required percentage = [295420   x 100 %] =   147521% = 70% (approximately).
       

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