Profit and Loss-Data Intensity 1 Questions and Answers Discussion Page.

4.	In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
	A.	30%
	B.	70%
	C.	100%
	D.	250%

Answer: Option B

Explanation:

Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295.

∴ Required percentage =	(	295	x 100	)%	=	1475	% = 70% (approximately).
		420				21

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Published by:Michael Daani

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