AFCAT 2020 Cycle I Math Problem 2

AFCAT 2020 Cycle I Math Problem 2

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?

  1. 30%

  2. 70%

  3. 100%

  4. 250%