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Q.

A shopkeeper sells 24 articles for 2400 and earns a profit of 10%. Find the selling price of one article. 

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a

110

b

104.2

c

100

d

92.4

answer is A.

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Detailed Solution

The cost price of 24 articles=2400

The cost price of 1 article=240024=100

Profit percentage=10%

Profit %=ProfitCost price×100

Profit=Profit %×Cost price100

Profit=10×100100

Profit =10

Selling cost=Profit+Cost price

Selling cost=10+100

Selling cost=110

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