The profit margin in one store is 320 percent of the cost. What percentage of the selling price is profit if the cost rises by 25% but the selling price remains constant?
A. 30%
B. 70%
C. 100%
D. 250%
Answer:B
The profit margin in one store is 320 percent of the cost. What percentage of the selling price is profit if the cost rises by 25% but the selling price remains constant?
A. 30% B. 70% C. 100% D. 250%
Explanation: Let C.P. be equal to Rs. 100. The profit is then Rs. 320, and the S.P. is Rs. 420.125 percent of Rs. 100 Equals Rs. 125 new C.P.Rs. 420 is the new S.P.Profit = (420 - 125) = 295 rupees.Required percentage = 295 x 100/420 % = 1475/21 % = 70% (approximately).