Question

a shopkeeper buys 8 articles for Rs. 2400 and sells them for profit of 16%. find the selling price of one article
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Answer 1

CP of 8 articles = Rs 2400
CP of 1 article = 2400/8 = Rs 300.
Profit = 16% = 300 x 16/100 = Rs 48
Selling Price, SP = CP + Profit
= 300 + 48
= Rs 348.

Answer 2

$\underline{\boxed{\bold\red{Question}}}$

A shopkeeper buys 8 articles for Rs. 2400 and sells them for profit of 16%. find the selling price of one article

But ,this is correct

A shopkeeper buys 80 articles for Rs. 2400 and sells them for profit of 16%. find the selling price of one article

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$\underline{\boxed{\bold\blue{Answer}}}$

$\huge\green{Rs.34.80}$

━━━━━━━━━━━━━━━━━━━━━━━

$\underline{\boxed{\bold\pink{Formula}}}$

Profit = CP × % profit

SP = CP + profit

━━━━━━━━━━━━━━━━━━━━━━━

$\underline{\boxed{\bold\orange{Explanation}}}$

$\underline\purple{Given}$

Percentage of profit = 16%

C.P =2400

There are 80 articles

Profit = CP × % profit

$2,400 \times \frac{16}{100}$

⇝384

So, SP= CP+profit

⇝2,400+384

⇝2784

$SP \: of \: one \: article = \frac {2784}{80}$

${\huge{\boxed{\mathcal{\purple{Rs.34.80}}}}}$

[Hope this helps you.../]