A dealer allows a discount of 16% to his customers and still gains 5%. Find the market price of the table

A dealer allows a discount of 16% to his customers and still gains 5%. Find the market price of the table which costs him rs 1,200.

Market Price * ( 1 - disc./100) = selling Price = Cost Price ( 1 + profit /100 )
Market Price * ( 1 - 16/100 ) = 1200 ( 1 + 5/100 )
Market Price * ( 84 / 100 ) = 1200 * ( 105 / 100 )
market price = 1200 * ( 105 / 84 )
market price = 1500

A dealer allows a discount of 16% to his customers and still gains 5%. Find the market price of the table which costs him rs 1,200.
Market price of table is given by IR 1200*105%*100/(100 -- 16) = IR1500.00 ANSWER
Verify 1500 less 16% = IR1260.00 giving IR60 gain of 5% of IR1200.00