In a certain store, the profit of an article is 380% of the cost. If the cost increases by 20% but the selling price remains the same, what percentage of the selling price is the profit :
In a certain store, the profit of an article is 380% of the cost. If the cost increases by 20% but the selling price remains the same, what percentage of the selling price is the profit :
Solution
✅ Correct Option: 2
Let cost = 100. Profit = 380. SP = 480.
New cost = 120. SP still = 480.
New profit = .
Percentage of SP = %.
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