A shopkeeper buys 80 articles for Rs 2400 and sells them for a profit of 16% . find the selling price of an article.
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Answer:
Given, percent profit =16%, C.P. =2400
Their are 80 articles.
Profit = CP × % profit
=2,400×
100
16
=384
So, SP = CP+ profit
=2,400+384=2784
SP of one article =
80
2784
= Rs. 34.80
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