A shopkeeper expects a gain of 36% on his cost price. If in a month, his sale was ₹6,14,856, then what was his profit (in ₹)?
- A1,61,235
- B1,63,900
- C1,62,756
- D1,62,800
Solution & Step-by-step Explanation
Let the Cost Price (CP) be 100%.
The shopkeeper expects a gain of 36%, so the Selling Price (SP) is:
SP=100%+36%=136%
Given that the sale (SP) is ₹6,14,856:
136%=6,14,856
We need to find the profit, which is 36%:
Profit=
136
6,14,856
×36
Profit=4,521×36=₹1,62,756
The shopkeeper expects a gain of 36%, so the Selling Price (SP) is:
SP=100%+36%=136%
Given that the sale (SP) is ₹6,14,856:
136%=6,14,856
We need to find the profit, which is 36%:
Profit=
136
6,14,856
×36
Profit=4,521×36=₹1,62,756