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 ₹)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 1,62,756.
Let CP = x
SP = x + 0.36x = 1.36x
According to the question,
⇒ 1.36x = 614856
⇒ x = 452100
Profit = SP - CP
Profit = 614856 - 452100 = ₹1,62,756