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In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?
  • a)
    250%
  • b)
    100%
  • c)
    70%
  • d)
    30%
Correct answer is option 'C'. Can you explain this answer?
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In a shop, the profit is 320% of the cost. If the cost increases by 25...

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In a shop, the profit is 320% of the cost. If the cost increases by 25...
E sells the house to R at a profit of 25%, which means R pays 125% of the original price:
125% of Rs. 20,000 = Rs. 25,000

After some time, R sells the house back to E at a loss of 25%, which means E pays 75% of the selling price:
75% of Rs. 25,000 = Rs. 18,750

Therefore, E buys back the house for Rs. 18,750.
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In a shop, the profit is 320% of the cost. If the cost increases by 25...
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In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?a)250%b)100%c)70%d)30%Correct answer is option 'C'. Can you explain this answer?
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