Question

In a certqin store , the profit is 320% of the cost . If the cost is increased by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

Answer 1

Answer :

Let cost price = 100
As given profit 320% of the cost ,

SO selling price = 100 + $\frac{100\times 320}{100}$ = 100 + 320 = Rs 420

Now cost prise increase by 25 % so

New cost price = 100 + $\frac{100\times 25}{100}$ = 100 + 25 = Rs. 125

As selling price remains the same so

Profit amount = 420 - 125 = Rs 295
So,

Profit percentage = $\frac{295\times 100}{125}$ = 236% ( Ans )