Question

A pair of shoes is marked 30% above its cost price and customers are
allowed a discount of 10% on it. What profit percentage is saved on it?​

Answer 1

Step-by-step explanation:

Let the cost price be Rs. 100

So, Marked price = 100 + 30% of 100 = Rs. 130

Discount = 12% of marked price = 12% of 130 = Rs. 15.6

Thus, Selling price = 130 - 15.6 = Rs. 114.4

∴ Profit % = {(selling price - cost price)/cost price} × 100 = {(114.4 - 100)/100} × 100 = 14.4%