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A shopkeeper buys 80 articles for rupess 2,400 and sells them for a profit of 16percent .Find the selling price of one article.?
Most Upvoted Answer
A shopkeeper buys 80 articles for rupess 2,400 and sells them for a pr...
Given:
- The shopkeeper buys 80 articles for Rs. 2,400
- The profit percentage is 16%

To find:
- The selling price of one article

Solution:

Step 1: Calculate the cost price of one article
Since the shopkeeper buys 80 articles for Rs. 2,400, the cost price of one article can be calculated as:
Cost price of one article = Total cost price / Number of articles
Cost price of one article = Rs. 2,400 / 80
Cost price of one article = Rs. 30

Step 2: Calculate the profit percentage
Profit percentage = (Profit / Cost price) * 100
Given that the profit percentage is 16%, we can rewrite the equation as:
16 = (Profit / 30) * 100

Step 3: Calculate the profit
Profit = (16/100) * 30
Profit = Rs. 4.80

Step 4: Calculate the selling price of one article
Selling price = Cost price + Profit
Selling price = Rs. 30 + Rs. 4.80
Selling price = Rs. 34.80

Therefore, the selling price of one article is Rs. 34.80.
Community Answer
A shopkeeper buys 80 articles for rupess 2,400 and sells them for a pr...
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A shopkeeper buys 80 articles for rupess 2,400 and sells them for a profit of 16percent .Find the selling price of one article.?
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