In a certain store the profit is 270 of the cost If the cost increases by 30 but the selling price r...........

Quantitative Aptitude ( CCS) Profit and loss

In a certain store, the profit is 270% of the cost. If the cost increases by 30% but the selling price remains constant, approximately what %ge of the selling price is the profit.

68%

72%

50%

65%

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Explanation:

Let C.P.= Rs. 100.
Then, Profit = Rs. 270,
S.P. = Rs. 370.
New C.P. = 130% of Rs. 100 = Rs. 130
New S.P. = Rs. 370.
Profit = Rs. (370 – 130) = Rs. 240
Required percentage = (240/370) * 100
= 64.86 =65%(approx)

Hence, option 4 is the correct answer.