Multiple Choice Questions on In a certain store the profit is 320 of the cost If the cost increases by 25 but the selling price r........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

In a certain store the profit is 320 of the cost If the cost increases by 25 but the selling price r...........

Quantitative Aptitude ( CCS) Profit and loss
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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?

    30%

    Incorrect Answer

    70%

    Correct Answer

    100%

    Incorrect Answer

    250%

    Incorrect Answer
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    Explanation:

    et 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 x 100=1475/21% = 70% (approximately).

    By: Amit Kumar
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    Amarbir Sangha

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