Question

A shopkeeper buys 80 articles for Rs 2,400 and sells them for a profit of 16%. find the selling price of one article no need more explanation only littile bit....

Answer 1

Answer:

Step-by-step explanation:

Cost price of 80 articles = Rs. 2400

Profit on 80 articles =16%

∴ Profit (Rs.) =10016​×2400=384

Selling Price of 80 articles = Cost Price + Profit

                       =2400+384

                       =Rs. 2784

∴ Selling price of 1 article =802784​=34.8

So, the selling price of 1 article is Rs. 34.8.