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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.


A

₹ 29.8

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B

₹ 16.6

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C

₹ 34.8

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D

₹ 26.6

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Solution

The correct option is C

₹ 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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