Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.


rohit marks his goods at 40% above the cost price but allows a discount of 5% on cash payment to his customers. What actual profit does he make if he recieves rs 1064 after allowing the discount?

Sagot :

Soham
Goods are marked 40% above cost price but 5% discount is given.
Therefore, total profit = (40 - 5)%
                               = 35%
  Let the cost price be 'x.'
So, (35% of x) + x = 1064
       ([tex] \frac{35}{100} [/tex]*x) + x = 1064
       [tex] \frac{7x}{20} [/tex] + x = 1064
        [tex] \frac{7x}{20} + \frac{20x}{20} [/tex] = 1064
        [tex] \frac{27x}{20} [/tex] = 1064
   Therefore:
                 27x = 1064*20
                 27x = 21,280
                    x = [tex] \frac{21280}{27} [/tex]
                    x = Rupees 788.14
Cost price is Rs. 788.14
     Profit = 35% of 788.14
        [tex] \frac{35}{100}*788.14 [/tex]
       Total profit = Rupees 275.849 

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.