Profit and Loss - Arithmetic Aptitude Questions and Answers

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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?

Rs. 18.20

Rs. 70

Rs. 72

Rs. 88.25

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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