Question

# A shopkeeper buys 80 articles for ₹ 2400 and sells them at a profit of 16%. Find the selling price of one article.₹ 29.8 ₹ 16.6 ₹ 26.6 ₹ 34.8

Solution

## The correct option is D ₹ 34.8 Cost Price (CP)= ₹ 2400    Profit made = 16% of CP ∴Profit made = 16% of ₹ 2400 ⇒ Profit made = 16100×₹ 2400 =₹ 384 Selling price (S.P) = Cost price + Profit ∴ S.P = ₹ (2400+384)  ⇒ S.P = ₹ 2784 So, the selling price of 80 articles is ₹ 2784. SP of each article is given by ₹ 278480=₹34.8

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