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MCQ
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of ₹ 392, what was his profit?
Options
₹ 18.20
₹ 70
₹ 72
₹ 88.25
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Solution
₹ 72
Explanation :
Given, SP = ₹ 392, Profit % = 22 .5%
So, CP = `100/(100+22.5)xx392= 320`
∴ Profit = 392 - 320 = ₹ 72
Concept: Profit and Loss (Entrance Exam)
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