Business is a little slow at Lou's Fine Shoes, so Lou decides to have a sale. On Friday, Lou increases all of Thursda

Question

Business is a little slow at Lou's Fine Shoes, so Lou decides to have a sale. On Friday, Lou increases all of Thursday's prices by 10%. Over the  weekend, Lou advertises the sale. Ten percent off the listed price. Sale starts Monday! How much does a pair of shoes cost on Monday that cost  $40 on Thursday?

thachthao · Answer

A pair of shoes cost on Monday that cost $40 on  Thursday is $39.6       What is Marked price ?   the price at which the product is listed to be sold. There can be some  discount  given on this price, so the actual  selling price  may be less than the  marked price.     Lou increases the  marked price  of shoes by 10% on $40 therefore the increased  marked price  of shoes will be given as :   110% of $40 = $44   Now, on Monday we is giving 10%  discount  on new listed  marked price  that is $44   therefore, the  cost price  of the shoes will be given as :  90% of $44 = $39.6     check and know more about  cost price  and  discount  here :  https://brainly.com/question/16690272  #SPJ1

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