Question

Rohit 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 rs 1064 after allowing the discount.

Answer 1

money above the price = 40%
so price= 140%
discount =5%
so price = 140% -140/100*5
= 140% - 7%
=133%
rs1064=133%
1064/133=1%
8 = 1%
33%=8*33
=rs 264