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 of a pair of shoes marked at rupees 1120

Answer 1

Given,

D% = 10% on MP

P% = 26%

MP = Rs 1120

Now,

SP = MP-MP*D%/100

SP = 1120 - (1120*10)/100

SP = 1120 - 112

SP = Rs. 1008

And, P% = 26%

CP = SP*100/(100+26)

CP = 1008*100/126

CP = Rs. 800

Is that the right answer?

Answer 2

Answer:

Marked Price = Rs 1120

Find the price after discount:

Discount = 10% of 1120

Discount = 0.1 x 1120 = Rs 112

Price after discount = Rs 1120 - 112 = Rs 1008

Find the cost price:

Selling Price = Cost Price + Profit

Selling Price = 100 + 26 = 126%

126% = Rs 1008

1% = 1008 ÷ 126 = Rs 8

100% = 8 x 100 = Rs 800

ans rs 800