Multiple choice

A shopkeeper marks his goods 40% above the cost price. He allows a discount of 5% for cash payment to his customers. He receives an amount of Rs. 1064 for the goods after paying the discount. His profit is

  1. Rs.164

  2. Rs.200

  3. Rs.800

  4. Rs.264
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = x. Marked price = 1.4x. After 5% discount, SP = 1.4x × 0.95 = 1.33x = 1064. So x = 1064/1.33 = 800. Profit = 1064 - 800 = 264.

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