Question

what price should a trader mark on an article that cost him Rs 1200 to gain 12% after allowing a discount of 16 %​

Answer 1

Answer:

Given,

CP of pair of shoes = Rs 1200

Gain = 12%

By using the formula,

SP = (100 + gain %)/100 × CP

= (100 + 12)/100 × 1200

= 112/100 × 1200

= Rs 1344

Given, Discount = 16%

MP = (100 × SP) / (100 – Discount %)

= (100 × 1344) / (100 – 16)

= 134400/84

= Rs 1600

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