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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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An Intiative by Sri Chaitanya

Rs. 30.0

Rs. 32.5

Rs. 34.8

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 % \times 2400

Profit (Rs.)

= \frac{16}{100} \times 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,

= \frac{2784}{80}

= 34.8

So, selling price of one article = Rs. 34.8.
Option 3 is correct.

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