Question

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

Answer 1

S.P. = C.P. + ( Profit % × C.P.)

S.P. = 2400 + ( 16/100 × 2400)

S.P. = 2400 + 384 = ₹2784

₹2784 is the S.P. of 80 articles.

S.P. of one article = 2784 / 80 = ₹34.80

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