Gradle in Android Studio giving error Project sync failed

Question

I am new to Android Studio.I installed Android Studio-1.2.1.1 and i have jdk1.7.0_40 installed.I am facing problem with gradle build. For reference you can check gradle issu

Answer 1

I solved it by going to Project Structure then unchecking use embedded JDK and then setting the path to C:\Program Files\Java\jdk1.8.0_121