Question

Rohit marks his goods at 40% above the cost price but allows a discount of 5% for cash payment to his customers what textual profit does he make if he receives rupees 1064 after allowing the discount

Answer 1

Let the CP be x,
MP=40x/100+x=140x/100
After discount SP=(14x/10)-(5/100×14x/10)
=133x/100=1064
=133x=1064×100
=x=800
So,CP is Rs ,.800