An Exporter Expects A Gain of 22.5% on His Cost Price. If in a Week, His Sale was of Rs. 392, What was His Profit?

An Exporter Expects A Gain of 22.5% on his Cost Price. If in a week, His sales was of Rs. 392, What was His Profit?

Here, an Exporter planned a gain of 22.5% on his original cost price, In one week the exporter's sale was Rs. 392. So what was his profit?

Explanation:

Given an exporter expects a 22.5% profit on his cost. Later in the week his sale of Rs.392

Selling Price = Rs. 392 and Gain = 22.5%

Here are the Solutions:

Now we want C.P = ( 100* S.P/ 100+Gain %)

We know the values: = (100*392/ 100+22.5)

Now we got a C.P = Rs. 320

Next, we try to find the profit:

Profit = Cost Price - Selling Price

P = R (320 - 392)

Now we got the answer Profit = Rs. 72