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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 ₹)?

  1. A
    1,61,235
  2. B
    1,63,900
  3. C
    1,62,756
  4. D
    1,62,800

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

Practice this question

Try it yourself before checking the explanation above.

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 ₹)?
A
1,61,235
B
1,63,900
C
1,62,756
D
1,62,800

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