Rohit marks his goods at 40% above the cost price but allows a discount of 50%
cash payment to his customers. What actual profit does he make. if here
1,064 after allowing the discount?
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Answer:
The profit amt. is Rs. 684.
Step-by-step explanation:
Markup Price = MP
CP = cost price
SP = sale Price
Total Cost of buying = n * CP, if n items are in the shop.
Total Sales amount = n * SP , n items are sold
MP = (1+ 40%)CP = 1.4CP
SP = 0.50 MP = 1.4 * 0.50 CP
Total sales amount = n SP = 1.4 * 0.50 * n * CP = 1.4 * 0.50 * Total Cost
=> 1064 = Total Cost * 1.4 * 0.50
Total cost = Rs 380
Profit = 1064 - 380 = Rs 684
I hope it helps u. .
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