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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

  • maths -

    original 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

  • maths -

    264

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