devarshi-dt-logo

Question:

A shopkeeper buys 80 articles for Rs. 2400 and sells them for a profit of 16%

Solution:

Cost price of 80 articles = Rs. 2400
Profit on 80 articles = 16%
Profit amount = (16/100) * 2400 = Rs. 384
Selling price of 80 articles = Cost price + Profit = 2400 + 384 = Rs. 2784
Selling price per article = 2784 / 80 = Rs. 34.80