Question

A shopkeeper buys 80 articles for Rs 2400 and sells them for a profit of 16% . find the selling price of an article.​

Answer 1

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