A shopkeeper buys 80 articles for 2,400 and sells them for a profit of 16%. Find the selling price of one article.​

Question

A shopkeeper buys 80 articles for 2,400 and sells them for a profit of
16%. Find the selling price of one article.​

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Evelyn 6 days 2021-09-15T02:37:45+00:00 1 Answer 0 views 0

Answers ( )

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    2021-09-15T02:38:45+00:00

    Answer:

    Given,

    Cost price (CP) of the 80 articles = Rs. 2,400

    Profit percentage = 16%

    Profit amount on all 80 articles = 16% of 2400 = 16/100 x 2400 = Rs. 384

    Selling price of the 80 articles = Rs. (2400 + 384) = Rs. 2784

    Selling price (SP) of each item = Rs. 2784/80 = Rs. 34.8

    Therefore, Selling price of one article is Rs.34.8

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