Question

Rohit marks his goods at 40% above the cost price but allows a discount of 5% for cash payment to his customer what actual profit does he make if he received rupees 1064 after allowing the discount ​

Answer 1

Let, CP of the goods be Rs. x.

Marked Price = Rs.{x + (40% of x)} = Rs. x + 2x/5 = Rs. 7x/5

Discount % = 5%

Discount = 5% of Rs. 7x/5 = Rs.7x/100

SP of goods = Rs 1064

As per question-

Rs. 1064 = Rs. (7x/5 - 7x/100)

=>1064 = (140x - 7x) / 100

=>106400 = 133x

=> x = 106400 / 133 = Rs.800

Profit = SP - CP = Rs. (1064 - 800) = Rs. 264

Hope it helps...

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