A shopkeeper pays 12% of the cost price as tax while purchasing an item whose cost is Rs.500. He wants to earn a profit of 20% after giving a discount of 16% on the marked price. So, the marked price should be:

A shopkeeper pays 12% of the cost price as tax while purchasing an ite

1.	A shopkeeper pays 12% of the cost price as tax while purchasing an item whose cost is Rs.500. He wants to earn a profit of 20% after giving a discount of 16% on the marked price. So, the marked price should be:
A.	Rs. 780
B.	Rs. 960
C.	Rs. 840
D.	Rs. 800
Answer» E.

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A shopkeeper pays 12% of the cost price as tax while purchasing an item whose cost is Rs.500. He wants to earn a profit of 20% after giving a discount of 16% on the marked price. So, the marked price should be:

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