A shopkeeper marks his good at 40% above cost price but allows a discount of 5% to customer. what actual profit does he make if he receives rupees 1064 after paying the discount ?
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Answer:
The actual profit does he make if he receives rupees 1064 after paying the discount is 264.
Step-by-step explanation:
If Cost price = Rs 100
MP = Rs 140
Discount = 5 % of maximum Price
= Rs 7
SP = Rs(140-7) = Rs 133
Profit = Rs (133-100) = Rs33
If the real SP = Rs 1064
= 33/133 × 1064
= 35112/ 133
=264 Rs
the actual profit by the shopkeeper is Rs. 264.
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