Quantitative Aptitude Ques 1844

Question: In a certain store, the profit is 320% of the cost. If the cost increased by 25% but the selling price remains constant, approximately, then what percentage of the selling price is the profit?

Options:

A) 30%

B) 70%

C) 100%

D) 250%

Show Answer

Answer:

Correct Answer: B

Solution:

  • Let the cost price (CP) = Rs. 100 Profit $ =320 $ SP $ =320+100=420 $ New CP = 125 [ $ \because $ 125% of 100]

$ \therefore $ Required percentage $ =\frac{420-125}{420}\times 100=70 $ % (approx.)

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