In a restaurant, the profit is 110% 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?	Choose the correct answer:
A) 30%	B) 47%	C) 90%	D) 100%	E) None of these
Explanation :   Let C.P.= Rs. 100. Then, Profit = Rs. 110, S.P. = Rs. 210.   New C.P. = 112% of Rs. 100 = Rs. 112   New S.P. = Rs. 210.   Profit = Rs. (210 - 112) = Rs. 98.   Required percentage = (98 /210 *100) % = 47 % appox   Answer : 47%
<result>B</result>
In a restaurant, the profit is 110% 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?