maths
posted by mandeep on .
A shopkeeper markes 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. 1064
after paying the discount

original cost price 
selling price = (1.4)(.95)x
1.4(.95)x = 1064
x = 1064/(1.4(.95)) = 800
profit = 1064800 = 264
check:
first markup = 1.4(800) = 1120
discount of 5% leaves .95(1120) = 1064 
264