In a certain store, the profit is 320% of the cost. If the cost increases by 40% but the selling price
remains constant, approximately what percentage of the selling price is the profit
Answers:
A) 67%  B) 80%  C) 90%  D) 100%  E) None of above
Explanation:   Let C.P.= Rs. 100.   Then, Profit = Rs. 320,   S.P. = Rs. 420.   New C.P. = 140% of Rs. 100 = Rs. 140   New S.P. = Rs. 420.   Profit = Rs. (420 - 140) = Rs. 280   Required percentage = (280/420) * 100   = 66.67%(approx) =67%   67%nswer: 67%
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In a certain store, the profit is 320% of the cost. If the cost increases by 40% but the selling price
remains constant, approximately what percentage of the selling price is the profit