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?

14,330 16,000 13,440 16,500

16,000

CP                    MP       100 - D%           100 + P%      100 - 16%           100 + 12%          84                      112 CP = 84x= 12000 Given then, 112x = 16000