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
1,064 after allowing the discount?
Answers
Answer:
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
Actual profit is Rs. 264.
Step-by-step explanation:
Hope it helps
Answer:
Answer:
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
Actual profit is Rs. 264.
Step-by-step explanation:
Hope it helps