Discussion
In a certain store, the profit is 270% of the cost. If the cost increases by 30% but the selling price remains constant, approximately what %ge of the selling price is the profit.
Answer: C
Let Cost Price \(= Rs . 100.\)
Then, Profit \(= Rs. 270,\)
Selling Price \(Rs. 370.\)
New Cost Price \(= 130\)% of \(Rs. 100 = Rs. 130\)
New Selling Price \(= Rs. 370.\)
Profit \(= Rs. (370 - 130) = Rs. 240\)
Required percentage \(= (\frac{240}{370}) \times 100 = 64.86 = 65\)% (approx)
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