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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?
Most Upvoted Answer
In a certain store, the profit is 320% of the cost. If the cost increa...
Analysis:
The profit percentage in this case can be calculated by finding the ratio of profit to the selling price.

Given:
- Profit = 320% of the cost
- Cost increases by 25%
- Selling price remains constant

Calculations:
Let's assume the cost price is $100.
- Profit = 320% of $100 = $320
- New cost price = $100 + 25% of $100 = $125
Since the selling price remains constant, the profit remains at $320.
Now, the profit as a percentage of the selling price can be calculated as follows:
Selling price = Cost price + Profit
Selling price = $125 + $320 = $445
Profit percentage = (Profit / Selling price) * 100
Profit percentage = ($320 / $445) * 100
Profit percentage ≈ 71.91%
Therefore, approximately 71.91% of the selling price is the profit in this scenario.
Community Answer
In a certain store, the profit is 320% of the cost. If the cost increa...
Correct answer is 70 %
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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?
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