In a restaurant, the profit is 140% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what percentage of the selling price is the profit? Select the correct option.
A) 30%	B) 53%	C) 90%	D) 100%	E) None of these
Explanation :   Let C.P.= Rs. 100. Then, Profit = Rs. 140, S.P. = Rs. 240.   New C.P. = 112% of Rs. 100 = Rs. 112   New S.P. = Rs. 240.   Profit = Rs. (240 - 112) = Rs. 128.   Required percentage = (128 /240 *100) % = 53 % appox   Answer : 53%
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In a restaurant, the profit is 140% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what percentage of the selling price is the profit?