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Question

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


  1. ₹ 29.8

  2. ₹ 16.6

  3. ₹ 26.6

  4. ₹ 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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