What price should Aslam mark on a pair of shoes which costs him Rs. 12

1.	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%?
Answer» Given, CP of pair of shoes = Rs.1470 Gain = 12% Discount = 16% So, SP = Rs. \(\frac{100+gain\%}{100}\)x C.P. = Rs. \(\frac{112}{100}\)x 1200 = Rs. 1344 Now, Selling price = Rs.1344 Discount = 16% So, MP = Rs. \(\frac{100\times S.P.}{100-discount\%}\) = Rs. \(\frac{100\times 1344}{100-16}\) = Rs. 1600 Aslam should sell the pair of shoes = Rs.1600

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%?

Answer»

Given,

CP of pair of shoes = Rs.1470

Gain = 12%

Discount = 16%

So,

SP = Rs. \(\frac{100+gain\%}{100}\)x C.P. = Rs. \(\frac{112}{100}\)x 1200 = Rs. 1344

Now,

Selling price = Rs.1344

Discount = 16%

So,

MP = Rs. \(\frac{100\times S.P.}{100-discount\%}\) = Rs. \(\frac{100\times 1344}{100-16}\) = Rs. 1600

Aslam should sell the pair of shoes = Rs.1600