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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?

Question

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?
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Solution 1

To calculate the profit, we first need to find out the cost price.

Step 1: We know that the selling price is Rs. 392 and the shopkeeper expects a gain of 22.5% on his cost price. This means that Rs. 392 is 122.5% of the cost price.

Step 2: To find the cost price, we can set up the equation: 122. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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