Question

A shopkeeper offers $10$% off-season discount to the customer and still makes a profit of $26$%. what is the cost price a pair of shoes marked at Rs $1120$?

Answer 1

Given,

$D$% $=10$% on $MP$

$P$% $=26$%

$MP=Rs.1120$

Now,

$SP=MP-{MP}^{\ast }D$%$/100$ $=1120-1120\times \frac{10}{100}=1008$

And $P$% $=26$%

$CP=\frac{SP\times 100}{(100+26)}=Rs.800$