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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?

Difficulty: Easy

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 cost
SP = CP × (1 + 22.5%) = 1.225 × CP392 = 1.225 × CP ⇒ CP = 392 ÷ 1.225 = Rs. 320


Step 2: Compute profit
Profit = 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 Answer
Weekly profit = Rs. 72.

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