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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

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B

26.8

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C

34.8

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D

24.8

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Solution

The correct option is C

34.8


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

Profit % = 16 %
∴ Profit =16100×2400=384

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

Total number of articles bought = 80
So, the S.P. of each article =278480
=34.8


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