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 receives ? 2128 after paying the discount?
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Answer:
Let cost price (C.P) = Rs. 100
\therefore Marked price = Rs. 100 + 40 = Rs. 140
Rate of discount
=
5
%
∴
Selling price (S.P)
=
M
.
P
×
(
100
−
d
i
s
c
o
u
n
t
%
)
100
=
140
×
(
100
−
5
)
100
=
140
×
95
100
=
R
s
.
133
∴
Gain = S.P - C.P = Rs. 133 - 100
= Rs. 33
If S.P is Rs. 133, the gain = 33
and if S.P is Re. 1, then gain
=
R
s
.
33
133
and if S.P is Rs. 1064, then gain
=
R
s
.
33
133
×
1064
=
R
s
.
264
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