1.  A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of ₹392, what was his profit?

A. ₹ 18.20
B. ₹ 70
C. ₹ 72
D. ₹ 88.25

Answer: Option C

Explanation:

C.P. = ₹ 100 x 392 = ₹ 1000 x 392
122.5 1225

= ₹ 320

Profit = ₹ (392 - 320) = ₹ 72.