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

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
SP = 0.95 MP = 1.4 * 0.95 CP
Total sales amount = n SP = 1.4 * 0.95 * n * CP  = 1.4 * 0.95 * Total Cost
                       =>  1064 = Total Cost * 1.4 * 0.95
     Total cost  = Rs 800
   Profit = 1064 - 800 = Rs 264

Answer 2

Answer:

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