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

Question

Philoid · Accepted Answer

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