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?

1. 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?

[EXIM Bank MTO-2013 : 2013]

1. 30%

2. 70%

3. 100%

4. 250%

5. None of these

Answer

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