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?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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ARs. 70
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BRs. 72
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CRs. 75
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DRs. 88.20
Answer
Correct Answer: Rs. 72
Explanation
Given Data
- Expected profit on cost = 22.5%
- Total weekly sales (SP) = Rs. 392
- Required: profit in rupees
Step 1: Relate SP and CP via profit on costSP = CP × (1 + 22.5%) = 1.225 × CP392 = 1.225 × CP ⇒ CP = 392 ÷ 1.225 = Rs. 320
Step 2: Compute profitProfit = SP − CP = 392 − 320 = Rs. 72
Checks & Common Pitfalls
- 22.5% on cost means multiply CP by 1.225 to obtain SP.
- Do not treat 22.5% as on selling price; the base matters.
Final AnswerWeekly profit = Rs. 72.