A shopkeeper buys 90 articles for ₹ 3600 and sells them at a profit of $20 %$ . Find the selling price of one article.

₹ 35

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₹ 16

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₹ 48

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₹ 45

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Solution

The correct option is C
₹ 48

Given,

Cost price of 90 articles = ₹ 3600

$∴$ CP of one article $= \frac{3600}{90} = ₹ 40$

$Profit % = 20 %$

$SP = \frac{100 + Profit %}{100} \times CP$

$= \frac{120}{100} \times 40$

= ₹ 48

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