Question

A shopkeeper marks his goods at 40% above cost price but allows a discount of 5% for cash payment to his customers. what actual profit does he make if he receives rs 164 after paying the discount? ​

Answer 1

Answer:

rs 40.7

Step-by-step explanation:

let the c.p be x

marked price =(40/100)x+x

=(2/5x)+x

=7x/5

discount=(5/100)×marked price

=m.p/20

=(7x/5)/20

=7x/100

discounted price=m.p-discount

=(7x/5)-(7x/100)

=(140x/100)-(7x/100)

=133x/100

as given, he receives rs 164,

133x/100=164

x=123.3rs

i.e c.p is rs 123

s.p is rs 164

profit=sp-cp

=164-123.3

=rs 40.7