Multiple choice

A man bought an article by paying Rs. 100. He sold it to his friend in such a way that the profit he had was 320% of the cost. If the cost price of that article was increased by 25%, but the selling price remained the same, then find the percent profit now.

  1. 236%

  2. 240%

  3. 250%

  4. 256%

  5. 260%
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A Correct answer
Explanation

Initial cost price (CP) = 100, profit = 320% of 100 = 320, so selling price (SP) = 100 + 320 = 420. New CP = 100 * 1.25 = 125. New profit = 420 - 125 = 295. Profit percent = (295 / 125) * 100 = 236%.

AI explanation

The initial cost price is Rs. 100, and the profit is 320% of the cost, making the selling price 100 + 320 = Rs. 420. The new cost price increases by 25% to become Rs. 125. The profit is now 420 - 125 = Rs. 295, so the profit percentage is (295 / 125) * 100 = 236%.

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