A shopkeeper buys 80 articles for 2,400 and sells them for a profit of
16%. Find the selling price of one article.
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Step-by-step explanation:
Since CP of 80 articles= Rs 2400
Profit%= 16%
Profit in terms of rupess =2400×16/100
= Rs 384
Since SP = CP + Profit
SP of 80 articles= Rs( 2400+384)
= Rs 2784
SP of one article= Rs 2784/80
= Rs 34.8
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