Question

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.
​

Answer 1

Answer:

384

Step-by-step explanation:

Cost Price = 2400

Profit = 16%

Selling Price = ?

Selling Price = Profit % × Cost Price

=16 / 100 × 2400

= 384

Selling Price of one article = 384

Answer 2

Answer:

A shopkeeper buys 80 articles on CP = Rs. 2400

then Celling price of one article = 2400/80

CP = Rs.30

And sells them for a profit on = 16 %

then, Profit on one article = 30× 16/100

= 480/100

= 4.8

So, the selling price of one article = profit + CP

= 4.8 + 30

= 34.8 Rs.