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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? - Mathematics

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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