Question

rohit marks his good at 40 percent above the cost price but allows a discount of 5 percent for cash payment to his customer.what actual profit does he make .if he had received 1064 after allowing discount​

Answer 1

Answer:

Profit=Rs.264

Step-By-Step-Explanation:

It is given that Markup percentage = 40%

Let CP be 100

Markup %=40%

Marked Price=Rs.140

Discount=5%

Since,We know the relation between Profit and Discount.

We get,140=100×100+Profit/100-Discount

=>140×95/100=100+Profit

133=100+Profit

Profit=33

Profit %=33%

Coming to Actual Profit,

SP=100+33/100×CP

1064×100/133=CP

CP=800

We know that Profit=SP-CP

Profit=1064-800

=264

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