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 rupees 1064 after allowing the discount

Answer 1

let the price be =X
marks up price=X+40/100×X
sp=X+4/10×X-1/20×(X+40)
1064=27X+40/20
X=7080/9
profit=7080/9-X