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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