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?

Question

Philoid · Accepted Answer

Given,

MP of pair of shoes = Rs.1120

Discount = 10%

So,

SP = MP

Profit = 26%

SP = Rs.1008

Hence,

CP =

Cost price of the pair of shoes = Rs.800