Profit and loss

Quantitative Aptitude (SBI-CL) SBI (Clerical) Exam

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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?

70%

80%

85%

90%

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 x 100 /420 = 1475 /21% = 70% approx.

Hence, option 1 is the correct answer.

By: Amit Kumar

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