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

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Rs.926

Rs.782

Rs.800

Rs.886

answer is B.

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Detailed Solution

Given,
Marked price (MP) of the shirt =Rs.1120.
Discount% = 10%.
Discount percent is,

Discount % = Discount MP (100) ⇒ 10 = Discount 1120 (100) ⇒ Discount = 112

Selling price (SP) is,

SP = MP − Discount ⇒ 1120 − 112 ⇒ 1008

Cost price (CP) is,

CP = 100 SP 100 + profit % ⇒ 100 (1008) 100 + 26 ⇒ 800

Thus, the cost price of the pair of shoes will be Rs.800.
Therefore, option (2) is correct.

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