Question

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

Answer 1

Answer:

Cost price of a pair shoes is Rs 800

Step-by-step explanation:

Solution:

Given,

MP of pair of shoes = Rs 1120

Profit = 26%

Discount = 10%

Discount allowed = 10/100 × 1120

= Rs 112

So, SP of the shoes = (1120 – 112) = Rs 1008

By using the formula,

CP = 100/(100 + gain%) × SP

= 100/(100 + 26) × 1008

= 100/126 × 1008

= Rs 800

∴ Cost price of a pair shoes is Rs 800

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