Tech Mahindra Company Numerical Ability Profit and Loss

In a certain store, the profit is 240% of the cost. If the cost increases by 15% but the selling price remains constant, approximately what percentage of the selling price is the profit? 1) 48% 2) 34% 3) 58% 4) 66%

Read Solution (Total 1)

P=240rs
Let cp=100
100+240=340-new sp
100+15=115-new cp
P=340-115=225
P%=225/340*100=66.17% ans is d
In question they asked p% of sp so we should take is as sp-cp/sp
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