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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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