Profit and Loss-Data Intensity 1 Questions and Answers Discussion Page.

7.	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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