Question

At what price should shyam sell a pair of shoes which costs him rs. 1200 so as to gain 12%

Answer 1

Answer:

CP=1200.

To gain 12%, SP=(112/100)*1200=1344.

Now, Marked/Listed price has to set X as to receive a overall profit of 12%, after giving 16% discount.

100–16=88%.

(88/100)*x=1344 | X=1600rs.

To be remembered:

Discount on marked price, gives SP.

Profit/loss is calculated on CP.

Answer 2

Answer:

The answer is rupees 1344

Step-by-step explanation:

Step 1 =   cost price = rupees 1200

                gain% = 12%

To find the amount of 12 % we have to form equation which is 12% of C.P.

12/100 X 1200

= 12 X 12

=rupees 144

Step 2  = add the gain rupees with the C.P.

            =1200+144

            =rupees 1,344(selling price)