Question

A shopkeeper buys 80 articles for 2,400 rupees, and sells them for a profit of 16%.Find the selling price of the article. With proper formula

Answer 1

Profit=16% of 2400

= 16/100 ×2400

= 16×24

=Rs.384

Also,Cost Price= Rs.2400

Selling Price=Cost Price + Profit

=2400+384

=Rs.2784

Here's your answer mate

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Answer 2

Answer:

buying price of 80 articles = 2400

profit = 16 %

selling price = 2400 +( 16\100×2400 )  

                    =  2400 +384

                    = 2784 Rs