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?

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? Correct Answer 70%

Cost = 100 Profit = 320% of 100 = 320 Selling price = 100 + 320 = 420 New cost = 100 + (25% of 100 ) = 100 + 25 = 125 New Profit = 420 - 125 = 295 New Profit Percenage = (295420×100)% = 70.23% = 70% 
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