Question

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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Answer 1

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Step-by-step explanation:

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Answer 2

Given:-

A shopkeeper buys 80 articles for ₹ 2,400 and sells them for a profit of 16%.

Find:-

The selling price of one article.

Solution:-

Cost price(C.P)of 80 articles=2400

Cost price(C.P)of 1 article=$\dfrac{2400}{80}$ =30

So,

Cost price(C.P)=₹30

________________

Also,

Profit percentage=16%

Therefore,

$\dfrac{profit}{C.P}$×100

16=$\dfrac{profit}{30}$×100

$\dfrac{16×30}{100}$=Profit

$\dfrac{48}{10}$=Profit

Therefore,

Profit=4.8

_____________

Now,

Profit=SP-CP

4.8=SP-30

4.8+30=SP

34.8=SP

Therefore,

SP=34.8

Therefore selling price of 1 article is 34.8₹