A shopkeeper marks his goods 40% above the cost price. He

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

1. ₹ 264
2. ₹ 164
3. ₹ 200
4. ₹ 800

Correct Option: D

Given that , discount = 5%
Suppose Cost price of article = ₹ y

∴ y ×	140	×	95	= 1064
	100		100

⇒ y =	1064 × 100 × 100	= ₹ 800
	140 × 95

Hence , Cost price of article is ₹ 800 .