Question
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80
Question Palette
A seller gains a 12% profit on the cost price. If his sales in one month amount to ₹791,000, what is his profit?
Correct Option:
D
Explanation
Selling Price (SP) = 112% of Cost Price (CP) = ₹7,91,000.
CP = ₹7,91,000 ÷ 1.12 = ₹7,06,250.
Profit = SP - CP = ₹7,91,000 - ₹7,06,250 = ₹84,750.
