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Estimation Using Percentages in Situations

In a certain ...

Question

In a certain Business, the profit is $220 %$ 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 ?

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Solution

Let C.P. $=$ Rs. $100$ .
Then, Profit $=$ Rs. $220$ ,
S.P. $=$ Rs. $320$ .
New C.P. $= 125 %$ of Rs. $100 =$ Rs. $125$
New S.P. $=$ Rs. $320.$
Profit $=$ Rs. $(320 - 125) =$ Rs. $195$
Required percentage $= \frac{195}{320} \times 100 = 61 %$

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