Question

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?

Answer 1

We have,

$Gain\%=22.4\%$, $S.P=Rs.392$

So,

$C.P=\frac{100}{122.5}\times 392=Rs.320$

Therefore,

Profit $=392-320=Rs.72$

Hence, this is the answer.