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 recieved rs.1064 after allowing the discount.

Answer 1

let cost price be x
rohit sold goods above 40%on cp and discount of 5%
(x+40%)-5% = 1064
x=1064+5%-40%
x=1064-35%
x=691.6 is cost price
profit = 1064-691.6=372.4