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

Quantitative Aptitude (CGL) Profit and loss

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

70%

80%

90%

None of above

छोटे Courses बड़े Results

Master Profit and loss

Prepare through Micro-courses

Try Now

Explanation:

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 = (295/420) * 100
= 70%(approx)