A shopkeeper buys 50 articles for ₹ 2000 and sells them at a profit of 20%. Find the selling price of one article.

₹ 24

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₹ 54

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₹ 48

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₹ 84

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Solution

The correct option is C ₹ 48
Since there is a profit, (S.P > C.P)

Given Profit % = 20 % of C.P

∴ Profit $= 0.20 \times 2000 = 400$

Hence, S.P = ₹ (400 + 2000) = ₹ 2400

Total Number of articles bought = 50

So, the SP of each article= $\frac{2400}{50}$ = ₹ 48

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