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Profit and Loss

Q1: 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?

A Rs. 18.20

B Rs. 70

C Rs. 72

D Rs. 88.25

ANS:C - Rs. 72

C.P. = Rs. 100 x 392 = Rs. 1000 x 392 = Rs. 320
122.5 1225
 Profit = Rs. (392 - 320) = Rs. 72.



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