A shopkeeper buys 80 articles for rs2,400 and sells them for a profit of 16%.Find the selling price of one article
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Step-by-step explanation
Given, percent profit =16%, C.P. =2400
Their are 80 articles.
Profit = CP × % profit
=2400 x 16/100
=384
So, SP = CP+ profit
=2,400+384=2784
SP of one article = 2784/80= 34.80 rupees
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