The price that akbar should marks on a pair of shoes which costs him Rs. 1200 to gain 12% after allowing a discount of 16% (in rupees) is = ?

A. Rs. 1344

B. Rs. 1433

C. Rs. 1600

D. Rs. 1500

Answer: Option C

Solution(By Examveda Team)

Cost price of shoes = Rs. 1200
Selling price of shoes =$${\text{ 1200}} \times \frac{{112}}{{100}}$$
Let Marked price of shoes = x
Then,
$$\eqalign{ & \Rightarrow x \times \frac{{84}}{{100}} \cr & = 1200 \times \frac{{112}}{{100}} \cr & = \frac{{1200 \times 112}}{{84}} \cr & = {\text{Rs}}{\text{. 1600}} \cr} $$