Practicing Success
In a certain shop, the profit is 130% of the cost. If the cost increases by 28% and the selling price remains constant, then what is the profit percentage to the nearest whole number? |
75% 60% 59% 80% |
80% |
According to the question if the profit is 130% of the cost price then, CP SP 100 230 After increasing 128 230 = 102 Profit Profit % = \(\frac{102 × 100}{128}\) = 80% |