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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. - CBSE Class 8 - Mathematics

ConceptPrices Related to Buying and Selling (Profit and Loss)

#### Question

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

#### Solution

It is given that the shopkeeper buys 80 articles for Rs 2,400

Cost of one article =  Rs 2400/80 = Rs 30

Profit percent = 16

Profit percent = "Profit"/"C.P" xx 100

16 = "Profit"/"Rs 30" xx 100

Profit = Rs (16 xx 30)/10 = Rs . 4.80

Selling price of one article = C.P. + Profit = Rs (30 + 4.80) = Rs 34.80

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#### APPEARS IN

NCERT Solution for Mathematics Textbook for Class 8 (2018 to Current)
Chapter 8: Comparing Quantities
Ex. 8.20 | Q: 3 | Page no. 125
Solution A Shopkeeper Buys 80 Articles for Rs 2,400 and Sells Them for a Profit of 16%. Find the Selling Price of One Article. Concept: Prices Related to Buying and Selling (Profit and Loss).
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