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A shopkeeper marks his goods at 40%, abo...

A shopkeeper marks 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?

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To solve the problem step by step, we will follow these calculations: ### Step 1: Understand the given information - The shopkeeper marks his goods at 40% above the cost price (CP). - He allows a discount of 5% on the marked price (MP). - After the discount, he receives Rs 1064, which is the selling price (SP). ### Step 2: Let the cost price be \( x \) ...
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