What price should Aslam mark on a pair of shoes which costs him Rs 1200 so as to gain 12% after allowing a discount of 16%?

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Solution

Given: CP = Rs 1200, Discount % =16 % and

Profit % = 12%

We know that,

$S . P = C . P \times (1 + \frac{Profit %}{100})$

$= 1200 \times (1 + \frac{12}{100})$

$= 1200 \times \frac{112}{100}$

= Rs 1344

Now, S.P =Rs 1344 and discount % =16%

$∴ M . P = (\frac{S . P \times 100}{100 - Discount %})$

$= \frac{1344 \times 100}{100 - 16}$

$= \frac{1344 \times 100}{84}$

= Rs 1600

Hence, the marked price of the pair of shoes is
Rs 1600.

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What price should Aslam mark on a pair of shoes which costs him ​Rs 1200 so as to gain 12% after allowing a discount of 16%?​

What price should Aslam mark on a pair of shoes which costs him Rs 1200 so as to gain 12% after allowing a discount of 16%?