What price should asha marks on a pair of shoes which costs him Rs 1200 so as to gain 12 percent after allowing a discount of 16 percent
Rs 1,600
if the markup is x% ,then
(1+x/100)*84=1.12
x=33.33%+1/3
1200*4/3=1600
check:
1600*84=1344
1200*1.12
To find the final price Asha should mark on the pair of shoes, we need to follow these steps:
Step 1: Calculate the discount.
The discount amount is given as 16 percent of the cost price, which is Rs 1200.
Discount = (16/100) * Rs 1200
Discount = Rs 192
Step 2: Calculate the selling price after the discount.
Selling price after discount = Cost price - Discount
Selling price after discount = Rs 1200 - Rs 192
Selling price after discount = Rs 1008
Step 3: Calculate the markup price to gain a 12 percent profit.
Let's assume the markup price is M.
Profit = Markup price - Selling price after discount
Profit = (12/100) * Selling price after discount
Profit = (12/100) * Rs 1008
Profit = Rs 120.96
Step 4: Calculate the markup price.
Markup price = Selling price after discount + Profit
Markup price = Rs 1008 + Rs 120.96
Markup price = Rs 1128.96
Therefore, Asha should mark the price of the pair of shoes as Rs 1128.96 to gain a 12 percent profit after allowing a discount of 16 percent.