A shopkeeper marks his goods at 40% above the cost price but allows a discount of 5% for cash payment to his customers. what actual profit does he make if he received ₹2128 after paying the discount.
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Step-by-step explanation:
Given, Shopkeeper marks his goods at 40% above the cost price.
Let the cost price be ‘x’ Marked price is 140x/100 (40 more than 100 if CP is 100)
Discount on marked price is 5% Discount
= (MP × Discount %)/100
= (140x/100×5)/100
= (7x/100)
SP = MP – Discount = 140x/100 – 7x/100
= (140x-7x)/100 = Rs 133x/100
Given SP = Rs 1064 Equating both the SP we get,
1064 = 133x/100 133x
= 1064×100 x = (1064×100)/133 = 800
Now,
the cost price = Rs 800
SP = Rs 1064
Profit = SP – CP = 1064 – 800 = 264
∴ The actual profit is Rs 264
be happy in ur life
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