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?

1.

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

Answer: Option C

Explanation:

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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