In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?
Select:
A) 20%
B) 30%
C) 40%
D) 50%
E) 70%
Let cost price =100   Then, profit =320   selling price =100+320= 
<gadget id="calculator">100+320</gadget>
<output>420</output>
420   new cost price=125   profit =420-125= 
<gadget id="calculator">420-125</gadget>
<output>295</output>
295   Required percentage=295*100/420 =70 %   Answer : 70%
<result>E</result>
In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?