answer : $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 :
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