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  • A shopkeeper buys 80 articles for Rs 2400 and sells them for a profit of 16 percent Find the selling price of one article

3: A shopkeeper buys 80 articles for Rs 2,400 and sells them for a profit of 16%. Find the selling price of one article.

Answers (1)

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Given,

cost price (CP) of the 80 articles = Rs. 2,400

Profit percentage = 16%

\therefore Profit amount on all 80 articles = 16% of 2400 = 16/100 x 2400 = Rs. 384

\therefore Selling price of the 80 articles = Rs. (2400 + 384) = Rs. 2784

\therefore Selling price (SP) of each item = Rs. 2784/80 = Rs. 34.8

Therefore, selling price of one article is Rs. 34.8.

Posted by

HARSH KANKARIA

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