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 1,064 after the discount

Answer 1

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$<b>HERE IS THE ANSWER$

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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