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  • Profit and Loss - 1 (Level : Moderate)
  • A shopkeeper gets a gain of 21.5% on his cost price. If h...
Multiple choice

A shopkeeper gets a gain of 21.5% on his cost price. If his total sale was Rs. 4225, then what was his profit?

  1. Rs. 747.50

  2. Rs. 747.00

  3. Rs. 747.63

  4. Rs. 747.60

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

C.P. = (SP*100)/(100 + profit%)

C.P. = Rs. (100 x 4225)/121.5 = Rs. 3477.37 

Profit = Rs. (4225 – 3477.37) = Rs. 747.63.

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