a shop keeper buy 80 articles for 2400 and sell them for a profit of 16 percent find the selling price of one article
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Step-by-step explanation:
CP of 80 articles =2400
Profit= 16%
Formula for SP when CP and profit is given
=( 100+profit%)x100 upon 100
=100+16÷100x 2400= 2784
Hence, sp of 80 articles is =2784
sp of 1 article =2784÷80 =34.8
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