Discussion :: Profit and Loss
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A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
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Answer : Option C
Explanation :
| C.P. = Rs. |  |
\(\frac { 100 } { 122.5 } \)x 392 |  |
= Rs. | |
\(\frac { 1000 } { 1225 }\)x 392 | |
= Rs. 320 | ||
Profit = Rs. (392 - 320) = Rs. 72.
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