A shopkeeper sells a pair of shoes at a discount of 34% and still makes a profit of 10% . If the cost price of the pair of shoes is ₹480, find its marked price.

Correct option is C

Given:

Cost Price (CP) = ₹480

Profit = 10%

Discount = 34%

Formula Used:

Selling Price : SP = $$CP \times \left(1 + \frac{\text{Profit \%}}{100}\right)$$​

Marked Price : MP = $$\frac{SP}{(1 - \frac{\text{Discount\%}}{100})}$$​​

Solution:

Selling Price (SP):

SP = $$480 \times \left(1 + \frac{10}{100}\right)$$​​

= 480 × 1.1 = 528

Marked Price (MP):

MP = $$\frac{528}{1 - \frac{34}{100}} = \frac{528}{0.66}$$ = 800

Thus, The marked price is ₹800.