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  Select:	A) 70	B) 77	C) 289	D) 27	E) 10
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)   70nswer: 70) 70%
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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