#### 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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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).