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October 2, 2014

October 2, 2014

Posted by **mandeep** on Wednesday, January 2, 2013 at 10:24am.

for cash payment to his customers . What actual profit does he make , if he receives Rs. 1064

after paying the discount

- maths -
**Reiny**, Wednesday, January 2, 2013 at 10:31amoriginal cost price -----

selling price = (1.4)(.95)x

1.4(.95)x = 1064

x = 1064/(1.4(.95)) = 800

profit = 1064-800 = 264

check:

first markup = 1.4(800) = 1120

discount of 5% leaves .95(1120) = 1064

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