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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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09/08/2021 11:19 am
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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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09/08/2021 11:21 am
Given that the shopkeeper buys 80 articles for ₹ 2,400
Cost of one article = 2400/80 = ₹ 30
Profit percentage = 16%
Profit percentage = Profit/C.P x 100
16 = Profit/30 x 100
Profit = (16 x 30)/100
= Rs 4.8
Therefore, selling price of one article = C.P + Profit
= Rs (30 + 4.80)
= Rs 34.80
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