Question

a shopkeeper buys 80 articles for rupees 2400 and sells them for a profit of 16%. find the selling price of one article




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Answer 1

Answer:

34.8 rupees

Step-by-step explanation:

Since CP of 80 articles= Rs 2400

Profit%= 16%

Profit in terms of rupess =2400×16/100

= Rs 384

Since SP = CP + Profit

SP of 80 articles= Rs( 2400+384)

= Rs 2784

SP of one article= Rs 2784/80

= Rs 34.8

Hence SP of 1 article is Rs 34.8

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Answer 2

Answer:

The selling price of one article is 34.8/-

Step-by-step explanation:

Cost of 80 articles = 2400/-

Cost of 1 article = 2400/80 = 30/-

So, CP = 30/-

Profit % = 16% = $\frac{profit}{CP}$ × 100

16 = $\frac{profit}{30}$ × 100

∴ Profit = 4.8/-

Profit = SP - CP

4.8 = SP - 30

SP = 30 + 4.8

SP = 34.8/-