SOLUTION: A shopkeeper expects a gain of 22 1/2 % 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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A shopkeeper expects a gain of 22 1/2 % 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      Log On

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Question 1025856: A shopkeeper expects a gain of 22 1/2 % 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 by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
22.5% gain
CP -100
SP -----122.5
CP- X
SP ---------- 392
x/100 = 392/122.5
x=320
392-320=72
answer 72