Question

A shopkeeper buy 80 articles for Rs. 2400 and sells them for a profit at 16%. Find the selling

price of one article.​

Answer 1

Cost price of 80 articles = 2400

lost price of 1 articles = 2400/80

= 30

so C.P= Rs 30

Also given that

Profit percentage =16%

And profit percentage= profit/C.P×100

16 = Percentage/30×100

16×30/100 =Profit

4.8=profit

Profit=4.8

profit=S.P-C.P

4.8=S.P-30

4.8+30=S.P

34.8=S.P

Selling price of the articles 34.8 answer