Question

Ramesh 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 1,064 after allowing the discount?

Answer 1

Step-by-step explanation:

cp=100 mp=140 dp=5%

140*95/100=133

133---1064

100--?

800

actual cp is 800

profit is

1064-800

264 is profit