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Profit and Loss

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  1. A shopkeeper buys 80 articles for Rs. 2400 and sells them for a profit of 16%. Find the selling price of one article.
    1. Rs. 36.40
    2. Rs. 34.80
    3. Rs. 35.60
    4. Rs. 33.80
Correct Option: B

Here , C.P. of each article = Rs. 2400

C.P. of each article =
2400
= Rs. 30
80

Profit = 16%
∴ S.P. of each article = Rs.
30 × 116
 = Rs. 34.80
100


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