Question

A shopkeeper expects a gain of $22\frac{1}{2}$% on his cost price If in a week his sale was Rs 392 what was his profit?

• A. Rs 18.20
• B. Rs 70
• C. Rs 72
• D. Rs 88.25

Answer 1

The correct option is C Rs 72

S.P= 392 Rs.
Profit %=22.50
$C.P=(\frac{100}{100+22.50}\times 392)Rs.$
$C.P.=\frac{100}{122.50}\times 392$
$C.P=320Rs.$
$Profit=392-320=72Rs.$