Activity › Discussion › Math › Profit, Loss and Discount(Class 8) › Reply To: Profit, Loss and Discount(Class 8)
-
::
It is given in the question that,
Cost price(purchasing price) of pair of shoes = Rs 800
Discount on marked price(MP) = 15%
Loss = 10%
Since there was a loss of 10% on selling the shoes and the cost price of the shoes was Rs 800, this means, selling price of the pair of shoes = 800 – (800*(10/100))
= Rs 720
Therefore the selling price of the pair of shoes was Rs 720.
——————————–EXTRA INFORMATION————————————
Now, let the marked price(MP) of the shoes be Rs’x’.
Then the selling price would have been = x-((x*15)/100)
= Rs 0.85*x————–equation (i)
and we already know that the selling price was Rs 720, therefore we can write,
0.85*x = 720
x = 720/0.85
x = Rs 847
Therefore the marked price of the pair of shoes was Rs 847.
—————————————-***End***———————————————-