Question

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

• A. Rs. 29.8
• B. Rs 16.6
• C. Rs. 34.8
• D. Rs. 26.6

Answer 1

The correct option is C

Rs. 34.8

CP of 80 articles = ₹ 2400

CP of 1 article $=\frac{2400}{80}=₹30$

Profit $=16\%$

$\therefore$ SP $=\frac{116}{100}\times 30$ $[\text{SP}=\frac{100+\text{profit}\%}{100}\times \text{CP}]$

= ₹ 34.8