Question

Rohit makes his good at 40% above the cost price but allow discount of 5% cash payment to is customer what actual profit does he make if he receive 1064 after allowing the discount

Answer 1

Let the CP be RS. 100
MP = 100 + 40/100*100
= RS. 140
Sp = 140*95/100
= RS. 126
PROFIT = SP - CP
= 126 - 100
= 26
IF SP IS RS. 126 THEN PROFIT IS RS. 26
IF SP IS RS. 1 THEN PROFIT IS 26/126
IF SP IS RS. 1064 THEN PROFIT IS 26/126*1064
= Rs. 219.56
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HOPE HELPS