A shopkeeper expects a gain of 22 1/2 \% on his cost price. If in a week, his sale was of ₹ 392, what was his profit?

ABC26GN2613 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

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

(a)₹ 18.20

(b)₹ 70

(c)₹ 72

(d)₹ 88.25

Answer

Answer (as printed): C

Explanation

C.P. $=₹\left(\frac{100}{122.50} \times 392\right)=₹\left(\frac{1000}{1225} \times 392\right)=₹ 320$. ∴ Profit $=₹(392-320)=₹ 72$.

Explanation as extracted from the printed page; notation may be imperfect.