In a certain store, the profit is 320% of the cost. If the cost increases by 30% but the selling price
remains constant, approximately what percentage of the selling price is the profit  Choose the most appropriate option
A) 69%
B) 89%
C) 99%
D) 100%
E) None of above
Explanation:   Let C.P.= Rs. 100.   Then, Profit = Rs. 320,   S.P. = Rs. 420.   New C.P. = 130% of Rs. 100 = Rs. 130   New S.P. = Rs. 420.   Profit = Rs. (420 - 130) = Rs. 290   Required percentage = (290/420) * 100   = 69%(approx)   69%nswer: 69%
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In a certain store, the profit is 320% of the cost. If the cost increases by 30% but the selling price
remains constant, approximately what percentage of the selling price is the profit