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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. 30% B. 70% C. 100% D. 250%

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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 x 100 % = 1475 % = 70% (approximately). 420 21 ans=70%
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The required answer is B. 70 %
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70%
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Native English Speaker with 32 years experience in teaching English and communication skills.

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simple technique...let CP=100, then SP=100+320=420; now CP=125, SP=420, profit=420-125=295, proft % =(295/420)*100=approx. 70
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