A shopkeeper expect the gain of 19% on his cost price.If in a week his sale was of Rs.462 , What was his profit ?
Answers
Answer:
Step-by-step explanation:
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? ptofit = 72Rs.
Concept
The amount paid for a product or commodity to purchase is called the cost price. Also referred to as CP. This cost price is further divided into two different categories:
Fixed costs: Fixed costs are constant, they do not change under any circumstances
Variable Price: May vary depending on number of units and other factors.
The amount for which the product is sold is called the selling price. It is usually referred to as SP. Sometimes also called the sales price.
Profit or gain is equal to the selling price minus the purchase price.
C.P = (S.P × 100)/(100+gain %)
Given
It is given that shopkeeper expect the gain of 19% on his cost price.If in a week his sale was of Rs.462.
Find
We need to find that what was his profit
Solution
S.P= Rs 462
Gain % = 462
C.P = (S.P × 100)/(100+gain %)
C.P = ( 462 × 100)/(100 + 19)
C.P= 46200/119
C.P = Rs. 388.235
Profit = S.P - C.P
= Rs.462 - Rs. 388.235
=Rs. 73.765
Hence the profit is Rs 73.765
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