rohit marks his goods at 40% above the cost pricebut allows a discount of 5% for cash payment to his customers.what actual profit does he make,if he receive RS1,064 after allowing the discount .
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suppose cost price is x then,
marked price= 140%of cost price
from question..
selling price= 140/100×X×(100-5)/100= 7/5X×95/100= 7/5×19/20X= 1064
x= 1064×20×5/133= 800
so cost price= ₹800
profit = 1064-800= ₹264
marked price= 140%of cost price
from question..
selling price= 140/100×X×(100-5)/100= 7/5X×95/100= 7/5×19/20X= 1064
x= 1064×20×5/133= 800
so cost price= ₹800
profit = 1064-800= ₹264
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Yes my father also solved his answer was also coming 240 . U were right
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