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

Solution:

Number of articles bought = 80

Cost Price = ₹ 2,400

Profit Percentage = 16%

With Cost Price and Profit Percentage, the Selling Price of all articles can be found.

Dividing Selling Price by the number of articles will result in the Selling Price of one article.

Cost Price of 80 articles = 2400

Profit Percentage = 16%

Selling Price = (116/100) × 2400

= 2784

OR

S.P. = C.P. + 16% of C.P.

= 2400 + (16/100) × 2400

= 2400 + 384

= 2784

S.P. of one article = 2784/80

= ₹ 34.80

☛ Check: NCERT Solutions for Class 8 Maths Chapter 8

Video Solution:

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

NCERT Solutions Class 8 Maths Chapter 8 Exercise 8.2 Question 3

Summary:

A shopkeeper buys 80 articles for ₹ 2,400 and sells them for a profit of 16%. The Selling Price of one article is ₹ 34.80.

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