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  1. The price that Akbar should mark on a pair of shoes which costs him ₹ 1,200 to gain 12% after allowing a discount of 16% (in rupees) is
    1. 1,344
    2. 1,433
    3. 1,600
    4. 1,500
Correct Option: C

Given that , Cost price of pair of shoes = ₹ 1,200 , Gain = 12%
Let the marked price be y.

∴  y ×
84
=
1200 × 112
100100

= y ×
80
= 112 × 12
400

⇒  y =
112 × 1200
= ₹ 1600
84

Second method :
Given Here , C.P. = ₹ 1200, r = 12%, D = 16%
M.P.
=
100 + r
C.P.100 − D

M.P.
=
100 + 12
1200100 − 16

M.P. =
112 × 1200
= ₹ 1600
84



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