What price should Aslam mark on a pair of shoes which costs him Rs 1200

Question:

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%?

Solution:

Given,

CP of the pair of shoes $=$ Rs. 1470

Gain $=12 \%$

Discount $=16 \%$

So, $S P=$ Rs. $\left(\frac{100+\text { Gain }}{100} \times C P\right)$

$=$ Rs. $\left(\frac{100+12}{100} \times 1200\right)$

$=$ Rs. 1344

Now,

SP of the pair of shoes $=$ Rs. 1344

Discount $=16 \%$

So, $\mathrm{MP}=$ Rs. $\left(\frac{100 \times \mathrm{SP}}{100-\text { Discount } \%}\right)$

$=$ Rs. $\left(\frac{100 \times 1344}{100-16}\right)=$ Rs. 1600

Aslam should sell the pair of shoes for Rs. 1600 .

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