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

No. of articles = 80
Cost Price of articles = ₹ 2,400
And Profit = 16%
∵ Cost price of articles is ₹ 100, then selling price = 100 + 16 = ₹ 116
∴ Cost price of articles is ₹ 1, then selling price = 116/100
∴ Cost price of articles is ₹ 2400, then selling price = 116/100×2400 = ₹ 2784
Hence, Selling Price of 80 articles = ₹ 2784
Therefore Selling Price of 1 article = 2784/80 = ₹ 34.80

Class 8 Maths Chapter 8 Exercise 8.2 Solution in Video

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