Home / Arithmetic Aptitude / Profit and Loss :: Discussion

### Discussion :: Profit and Loss

1.  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?
2.  A. 30% B. 70% C. 100% D. 250%

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 = $$[ \frac { 295 } { 420 }$$ x 100 %] = $$\frac { 1475 } { 2 1}$$% = 70% (approximately).

Be The First To Comment