Mathematics
NULL
Medium
Question
Profit is 320% of cost. If cost rises 25% but selling price stays the same, about what percent of selling price is the profit?
A
0.3
B
0.7
✓ Official correct answer
C
1
D
2.5
Community credibility
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A
0.3
No member explanations yet for this option.
B
0.7
No member explanations yet for this option.
C
1
No member explanations yet for this option.
D
2.5
No member explanations yet for this option.
Explanation
Let CP = 100, SP = 420. New CP = 125; profit = 295. 295/420 ≈ 70% (option 0.7).