Question

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 RS 1064 after paying the discount.

Answer 1

Ans) profit = 264

Profit percent = 33%

Please refer the attached file for explanation

Thank you

Answer 2

Answer: Answer =264

Step-by-step explanation: If cp = 100

mp=140 discount=5% of Mp=7 Sp=140-7=133 ,P=133-100=33 If actual sp=1064, P=33/133x1064= Rs 264