Question

3. A shopkeeper buys 80 articles for 2.400 and sells them for a profit of
16%. Find the selling price of one article.
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Answer 1

Answer:34.8

Cp of 80 articles = 2400

Profit on 80 articles= 16%

Profit (Rs) = 16/100×2400=384

Sp = 2400+384=2784

Selling price of 1 article= 2784/80=34.8 (Ans)

Answer 2

Answer:

CP of 80 articles= 2400

cp of 1 article =2400÷80=30

profit =30×16%

=30×_16__

100

=4.8

sp= cp+gain

sp= 30+4.8

sp =3.48 rs