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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 $16 % ?$

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Rs.1640

Rs.1200

Rs.1600

Rs.1603

answer is D.

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Detailed Solution

Given,
Cost price (CP) of the pair of shoes =Rs.1200.
Gain% = 12%.
The selling price (SP) is,

SP = 100 + gain % 100 (CP) ⇒ 100 + 12 100 (1200) ⇒ 112100 (1200) ⇒ 1344

Now, marked price (MP) is,

MP = 100 SP 100 − Discount % ⇒ 100 (1344) 100 − 16 ⇒ 1600

Aslam should sell the pair of shoes for Rs.1600.
Therefore, option (4) is correct.

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