A shopkeeper buys 80 articles for Rs 2,400 and sells them for a profit of 16%. Find the selling price of one article.
Given that, CP of 80 articles = Rs2400
∴ CP of 1 article = 
= Rs30
Also, profit% = 16%
Then, SP for 1 article = (100 + 16)% of 30
= 116% of 30
= Rs.34.8
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