In a restaurant, the profit is 160% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what percentage of the selling price is the profit?

30%

57%

90%

100%

Let C.P.= Rs. 100. Then, Profit = Rs. 160, S.P. = Rs. 260. New C.P. = 112% of Rs. 100 = Rs. 112 New S.P. = Rs. 260. Profit = Rs. (260 - 112) = Rs. 148. Required percentage = (148 /260 *100) % = 57 % appox

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