Question

A shopkeeper buys 80 articles for ₹ 2,400 and sells them for a profit of 16%. Find the selling price​

Answer 1

Answer:

The selling price​ is 92.80 ₹

Step-by-step explanation:

Purchase cost of the article by the  shopkeeper =80 ₹

Profit = 16% of the purchase cost

          =$\frac{16}{100} (80)=12.8$ ₹

Selling price= purchase price + profit

                   $=80+12.8\\ =92.80$₹