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Discussion :: Profit and Loss

  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?

  2. A.

    Rs. 18.20

    B.
    Rs. 70
    C.

    Rs. 72

    D.

    Rs. 88.25

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    Answer : Option C

    Explanation :

     

    C.P. = Rs.   \(\frac { 100 } { 122.5 } \)x 392 = Rs.   \(\frac { 1000 } { 1225 }\)x 392 = Rs. 320
       

     

     Profit = Rs. (392 - 320) = Rs. 72.


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