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Question -

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



Answer -

Cost price of 80 articles = ₹ 2,400
Cost of 1 article = ₹ 2400/80 = ₹ 30
Profit = 16%
 
Hence, the selling price of one article = ₹ 34.80

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