The cost price of a pair of shoes is ₹12000. What should be the marked price (in ₹) on a pair of shoes such that after allowing a discount of 16%, the shopkeeper earns 12% profit?
Answer & explanation
Correct answer: option 2
CP MP
100 - D% 100 + P%
100 - 16% 100 + 12%
84 112
CP = 84x= 12000 Given
then, 112x = 16000