Question

What price should a shopkeeper Gopal mark on a chair which costs him RS.1200 so as to gain 12% after allowing a discount of 16% ?

• A. Rs. 1550
• B. Rs. 1600
• C. Rs. 1800
• D. Rs. 1650

Answer 1

The correct option is B Rs. 1600

CP of chair = 1200
profit = 12%
So, SP of the chair $1200\times \frac{112}{100}=Rs.1344$
Discount = 16%
So market price of the chair $=1344\times \frac{100}{84}=Rs.1600$