PLE ALSO SEARCHED FOR Q. A shopkeeper buys 80 articles for Rs. 2400 and sells then for a profit of 16%. Find the selling price of one article.
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Cost price of 80 articles = Rs. 2400
Profit on 80 articles = 16%
∴ Profit (Rs.) = × 2400 = 384
Selling Price of 80 articles = Cost Price + Profit
= 2400 + 384
= Rs. 2784
∴ Selling price of 1 article =
= 34.8
So, the selling price of 1 article is Rs. 34.8.
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