Question

a shopkeeper buys 60article for rs 1200 and sells them at the profit of 16%. Find the selling price of one article​

Answer 1

Cost of 60 article = ₹1200

Cost of 1 article = ₹(1200/60)

= ₹20

Profit% = 16%

Let SP be x

ATP

x - 20 = 16/100 × 20

= x = 3.2+20

= x = 23.2

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