The cost price of a pair of shoes is Rs. 12000. What should be the marked price (in Rs.) on a pair of shoes such that after allowing a discount of 16%, the shopkeeper earns profit of 12%?

The cost price of a pair of shoes is Rs. 12000. What should be the mar

1.	The cost price of a pair of shoes is Rs. 12000. What should be the marked price (in Rs.) on a pair of shoes such that after allowing a discount of 16%, the shopkeeper earns profit of 12%?
A.	14,330
B.	16,500
C.	16,000
D.	13,440
Answer» D. 13,440