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    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
    A 70% Correct Answer Incorrect Answer
    B 80% Correct Answer Incorrect Answer
    C 90% Correct Answer Incorrect Answer
    D None of above Correct Answer Incorrect Answer

    Solution

    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 = (295/420) * 100 = 70%(approx)

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