Q:
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 ?
Answer & Explanation
Answer: A) 61%
Explanation: 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 = == 60.9 =~ 61%
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