Question

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

• A. ₹29.8
• B. ₹26.8
• C. ₹34.8
• D. ₹24.8

Answer 1

The correct option is C

₹34.8

Since there is a profit, hence selling price (S.P) > cost price (C.P)

Profit % = 16 %
∴ Profit $=\frac{16}{100}\times 2400=384$

So, S.P = C.P + Profit $=₹(384+2400)=₹2784$

Total number of articles bought = 80
So, the S.P. of each article $=\frac{2784}{80}$
$=₹34.8$