Question

A businessman marks his goods at 40% above the the cost price and gives a discount of 5% to his customer. what actual profit does he make , if the actual cost to him of the good is RS. 1064 ?​

Answer 1

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Given :

☞ Marked price ( M. P ) = 40 %

☞ Discount on Marked price = 5 %

☞ Selling price ( S. P ) = Rs. 1064.

According to the question :

Let the Cost price be ' Rs. 100 '

☞ M. P = 40 %

=> 100 × 40 / 100 = 40

=> 100 ( C. P ) + 40

=> 140.

☞ Discount on M. P = 5 %

=> 140 × 5 / 100

=> 7.

☞ So, Selling price = M. P - Discount

=> 140 - 7

=> 133.

☞ ( S. P = S. P ) = ( 133 % = 1064 )

☞ Therefore 100 % = 100 × 1064 / 133

= Rs. 800.

☞ Hence CP = Rs. 800

☞ SP = 1064.

Profit :

☞ SP - CP

=> 1064 - 800

=> 264.

Therefore Profit = Rs. 264

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