A shopkeeper buys 80 articles for ₹ 2,400 and sells them for a profit of 16%. Find the selling price
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Answer:
Rs. 2784
Step-by-step explanation:
C.P. = Rs. 2400
C.P. of one article = 2400/80
= Rs. 30
Profit on one article = 16/100*10 = Rs 4.8
Profit on 80 articles = 80 * profit on one article
= 80 * 4.8
= Rs.384
S.P. = C.P. + Profit
S.P. = 2400 + 384 = Rs. 2784
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