A shopkeeper marked 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 receive Rs. 1064 after pating the discount?

Given,

Shopkeeper marks his goods at 40% above the cost price.

Let cost price e ‘X’

Marked price is (40 more than 100 if CP is 100)

Discount on marked price is 5%

Given S.P. = 1064

1064 =

X = 800

Cost price is 800

Selling price is 1064

Profit will be = 1064 – 800 = 264/-

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