Question

A shopkeeper buys $80$ articles for Rs $2,400$ and sells them for a profit of $16\%$. Selling price of an article is

• A. $34.08$
• B. $34.20$
• C. $34.80$
• D. $34.70$

Answer 1

Answer: (C)

$34.80$

Cost Price of one article is Rs $\frac{2400}{80}$ $=$ Rs $30$
Profit $=$ CP $\times$ $\%$ profit
$=$ Rs $30\times \frac{16}{100}$
$=$ Rs $4.8$
Therefore, selling price of one article is Rs $30+4.80$ $=$ Rs $34.80$.