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Q.

A shopkeeper buys 80 articles for Rs. 2,400 and sells them for a profit of 16%. Find


the selling price of one article.


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a

Rs. 30.0

b

Rs. 32.5

c

Rs. 34.8

d

Rs. 36.9 

answer is C.

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Detailed Solution

Given that
80 articles cost price= Rs. 2400
80 articles profit=16%
Now,
Profit (Rs.)=profit%×2400
Profit (Rs.) =16100×2400
Profit (Rs.) =384
80 articles selling price
= Cost Price + Profit
=2400+384 
= Rs. 2784 
So, the selling price of one article can be calculated as,
=278480
=34.8
So, selling price of one article = Rs. 34.8.
Option 3 is correct.
 
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