Discussion
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?
Answer: C
Cost Price \(= Rs. (\frac{100}{122.5} \times 392) = Rs. (\frac {1000}{1225} \times 392) = Rs. 320\)
\(\therefore \) Profit \(= Rs. (392 - 320) = Rs. 72\)
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