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1. In a certain store, the profit is 320% of the cost. If the cost increases 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
- A. 30%
- B. 30%
- C. 30%
- D. 30%
Answer: Option B
Explanation:
Cost = 100
Profit = 320% of 100 = 320
Selling price = 100 + 320 = 420
New cost = 100 + (25% of 100 )
= 100 + 25 = 125
New Profit = 420 - 125
= 295
New Profit Percenage = (295/420×100)%
=70.23%
=70%
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