A loss Shopkeeper buys 80 articles for Rs2400 and sells for a of 15%. Find the Selling Price of one article
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Step-by-step explanation:
Cost price of 80 articles = Rs. 2400
Profit on 80 articles =16%
∴ Profit (Rs.) =
100
16
×2400=384
Selling Price of 80 articles = Cost Price + Profit
=2400+384
=Rs. 2784
∴ Selling price of 1 article =
80
2784
=34.8
So, the selling price of 1 article is Rs. 34.8.
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