A shoe trader allows 10% discount on the marked price of the shoes and still makes a
profit of 4%. If he gains rs144 on the sale of one pair of shoes, find the marked price
of the shoes.
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Step-by-step explanation:
Marked Price
In the profit and loss section, the cost of a product is very crucial. If you have marked the cost of the product wrong, you may not see any profit at all. In the following section, we will see what we mean by marked price. We will also see all the other relevant terms and try and understand how to determine marked price such that the profit is maximum. Let us begin with the following space below!
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